PSE&G investing $1.5B in electric improvements

USA: Public Service Electric and Gas (PSE&G) has announced its plan to invest $2.5 billion during the next five years to further strengthen its electric and gas systems, with about $1.5 billion of the planned investment program allocated for electric improvements.

The new investment, which will be an addition to the previously announced $1.12 billion investment plan, will allow the utility to continue to modernize its infrastructure by launching the second phase of Energy Strong, reports Compelo.

Aimed to withstand storms, improve reliability and significantly enhance resiliency, the proposed program is subject to approval by the New Jersey Board of Public Utilities (BPU).

The firm plans to commence work in March 2019.

Source: Compelo