Premium Industrial News

PSEG Pushes for Upgrades to Electric Grid, More Renewable Support

PSEG Pushes for Upgrades to Electric Grid, More Renewable Support

PSEG Pushes for Upgrades to Electric Grid, More Renewable Support

Author: William Ploch | Published: June 30, 2022
Industry Segment: Power  |  Word Count: 883 Words
Attachment: PSEG 0722

July 1, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--Public Service Enterprise Group (PSEG) (NYSE:PEG) (Newark, New Jersey), an energy provider that services several states in the U.S. Northeast, was granted a regulatory green light earlier this week to proceed with widely anticipated grid modernizations. These projects are part of a broader capital-spending plan to update PSEG's T&D capacity and prepare it for more renewable energy.

Industrial Info is tracking about $1.4 billion worth of active projects involving PSEG, nearly $800 million of which already is under construction. The New Jersey Board of Public Utilities on Wednesday approved a settlement that will enable PSEG subsidiary Public Service Electric and Gas Company (PSE&G) to invest $511 million over four years in its Infrastructure Advancement Program. PSE&G's plan is focused on reliability enhancements that will help New Jersey achieve its clean energy goals.

PSEG also says it is on-track to execute its planned 2022 Capital Investment Program of $2.9 billion, which includes work on a major offshore windfarm project with a partnership with Ørsted A/S and Siemens Gamesa.

This Premium Article can be purchased individually or as part of a subscription

Subscribe Now!(All Fields Required)

Subscription Type:

  • Pay-Per-Article - $5.95
  • Annual Premium News Subscription - $365.00
Pricing Help?