PSE&G ENERGY-EFFICIENCY PLAN COULD CUT ELECTRICITY, GAS PRICES FOR CUSTOMERS
NJ Spotlight, March 4, 2015
Utility and state have reached tentative settlement that will enable consumers and businesses to use less power, reduce air pollution
The state and Public Service Electric & Gas have agreed on a tentative settlement that would allow the state’s largest utility to embark on a new energy-efficiency program to reduce electric and gas costs to its customers.
While many details of the settlement remain to be worked out, it appears that the utility will be allowed to invest another $95 million in the program, according to Ralph LaRossa, president and chief operating officer of PSE&G, speaking at an investors’ conference in New York on Monday.
If approved by the BPU, the agreement could help the state reduce energy consumption by residents and businesses, which would reduce air pollution and the production of greenhouse-gas emissions that contribute to global climate change.