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PSE&G Wants to Put Its Money – and Its Customers’ – Into Building Better Grid

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PSE&G Wants to Put Its Money – and Its Customers’ – Into Building Better Grid

Company looking to invest $10 billion in utility projects rather than new power plants.

Public Service Electric & Gas once again is ramping up spending on its grid, saying it will invest $10 billion over the next five years — a 40 percent increase from its projections just a year ago.

The plans, outlined at an annual investor’s conference in New York City on Friday, reflect the changing nature of the energy industry, where many big companies find it more profitable to shift investments to their utilities with a guaranteed rate of return, instead of building new power plants, a far riskier proposition. (Johnson/NJSpotlight)

https://www.njspotlight.com/stories/14/03/09/pse-g-wants-to-put-its-money-and-its-customers-into-building-a-better-grid/