Making New Jersey Energy Strong
What Investments Are Being Made?
As part of the Energy Strong program, PSE&G will make the following investments during the next few years:
- $620 million to protect, raise or relocate 29 switching and substations that were damaged by water in recent storms.
- $350 million to replace and modernize 250 miles of low-pressure cast iron gas mains in or near flood areas.
- $100 million to create redundancy in the system, reducing outages when damage occurs.
- $100 million to deploy smart grid technologies to better monitor system operations to increase our ability to more swiftly deploy repair teams.
- $50 million to protect five natural gas metering stations and a liquefied natural gas station affected by Sandy or located in flood zones.
In addition to the infrastructure benefits, Energy Strong will create more than 2,000 jobs, which will bolster the state’s economy. The infrastructure investments also are expected to put skilled contractors and laborers to work installing new gas mains, raising or relocating substation equipment and erecting water barriers.
Will This Impact Customer Bills?
PSE&G can make these Energy Strong investments with little impact on customer bills.
- Impact on the typical residential combined electric/gas bill is expected to be approximately 2 percent in 2018.
- This will be more than offset by transitional charges stemming from deregulation that are expiring in the same timeframe.
- At the highest point in 2018, the typical residential customer will pay approximately $4 more per month. That increase, however, will be offset by a bill reduction of approximately $9-10 per month