BPU Wants More Details Of PSE&G Upgrade
By Phil Gregory, WBGO News
Trenton. March 20, 2013
The $4 billion plan by New Jersey’s largest utility to upgrade its system is meeting some resistance from state regulators.
The New Jersey Board of Public Utilities says the proposal by PSE&G is more of a conceptual framework than a detailed plan and won’t consider it until it gets more information.
The utility’s president Ralph LaRossa says the company will provide more details and welcomes the review.
“All of this is dependent upon the discussion that we continue to have with the BPU. We may reprioritize some of the costs. We may even defer some of the investments depending on the conversations with the BPU.”
LaRossa says elevating and protecting substations will allow the utility to provide reliable service during future storms.
“Protecting and hardening our systems will make New Jersey even more economically competitive and position us for future growth, and the growth will start right here with this program with over 5800 new jobs being created
LaRossa says customer bills would fluctuate during the ten-year project, but if natural gas prices remain at current levels, residents will pay a dollar a month less in 2018 than they do now.