Linemen working in Ridgewood by Boyd Loving
PSE&G Unveils $3.9 billion, 10-Year Proposal to Make NJ “Energy Strong”
Proposal will create 5,800 jobs and reduce the impact of future outages
Customer bills will remain stable – and will be lower than in 2008
When Sandy wreaked its devastation on New Jersey last October and left millions without power, PSE&G was repeatedly asked what it was going to do to prevent outages in the face of increasingly extreme weather.
While we can’t prevent storms, we can prepare for them. We put together a plan, called Energy Strong, that makes our system more resilient. We can make long-lasting improvements that will put people to work strengthening infrastructure without asking our customers to pay more.
We can continue to make incremental improvements and repairs to our electric and gas systems as we have always done. Or, we can be truly forward-looking and make more substantial investments that will help our state be better prepared for the next Irene, Sandy or other catastrophic event.
The cost of inaction is just too high for New Jersey businesses and families to bear. The costs of outages during Sandy caused hundreds of millions of dollars in revenue that will never be recovered. Investments like those PSE&G are proposing could be an economic differentiator for NJ, making the state more economically competitive and better positioned for growth. And, they’re the responsible thing to do.