PSE&G Plans Five-Year Capex Program of Up to $18 Billion
April 26, 2023--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Public Service Enterprise Group (NYSE:PEG) (Newark, New Jersey), corporate parent to Public Service Electric & Gas Company (PSE&G), a large New Jersey-based combination electric and gas utility, plans to make capital investments of between $15.5 billion and $18 billion over the 2023-2027 period, company officials told investors and analysts last month. Over a longer 10-year period, 2023-2032, the company wants to increase capital investment to a total of between $34 billion to $40 billion, it said at an investor day event March 10 in New York.
