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PSE&G increases investment in transmission and distribution lines 15 percent
Public Service Electric & Gas (PSE&G) is once again ramping up its capital spending on new transmission and distribution lines, boosting its investment by 15 percent to $5.2 billion over the next three years.
In its quarterly earnings call Wednesday, the state’s largest utility indicated that more than half of its increased spending will involve transmission line projects, saying recent state and federal regulatory approvals laid the foundation for the investments. (Johnson, NJ Spotlight)