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Public Service Enterprise Group Inc. Message Board

  • caseno_98 caseno_98 Feb 1, 2014 6:09 PM Flag

    RE-(Energy Strong) --Notice to PSE&G Electric & Gas Customers:

    that, on February 20, 2013 Public Service Electric and Gas Company (“Public Service”,
    “PSE&G”, “the Company”) filed a Petition and supporting documentation with the New Jersey Board
    of Public Utilities (“Board”, “BPU”) in Docket Numbers EO13020155 and GO13020156. The Company is
    seeking Board approval to implement and administer PSE&G’s Energy Strong Program (“ES Program”) and
    to approve an associated cost recovery mechanism. In March 2013, the Company made a Supplemental
    Filing requesting initial rates associated with the initial ES Program.

    *PSE&G seeks Board approval to undertake approximately $2,609 million in ES Program
    investments across its electric and gas service territory over a sixty month period. The
    implementation of the ES Program will harden and make more resilient the electric and gas distribution
    infrastructure and services for them to better to withstand the impacts of hurricanes and other severe
    weather events. These investments will include $1,703 million in electric distribution infrastructure
    investments and $906 million in gas distribution infrastructure investments.

    *Approval of this filing would initially increase rates effective January 1, 2014
    to be paid by the Company’s electric customers by $16.411 million annually and would initially increase
    rates to be paid by the Company’s gas customers by $12.970 million annually.

    Sentiment: Strong Buy

44.09-0.21(-0.47%)Jun 24 4:03 PMEDT