About $273m will be spent to accelerate electric and gas projects between now and the end of next year to improve reliability and further stimulate New Jersey’s economy.
The utility will invest an additional $95m in its successful energy efficiency programs.
The BPU approved extensions to PSE&G’s gas and electric capital economic stimulus infrastructure investment programs for electric and gas distribution system upgrades.
The utility will spend about $195m in accelerated capital improvements to its electric distribution network.
In addition, the BPU approved a request by the company to spend an additional $95m to bring energy efficiency measures to cash-strapped hospitals, municipalities, non-profits and multi-family housing units, including affordable housing and senior projects.
The energy efficiency programs include hospital efficiency program, municipal/local/state government direct install program and residential multi-family housing program.
