PSE&G to invest nearly $4B to strengthen grid, gas system

02/20/2013 | Yahoo

PSE&G, New Jersey's largest utility firm, wants to spend $3.9 billion during the next 10 years to strengthen its electric and gas systems against severe storms. "This is about protecting our way of life in extreme weather," PSE&G Chairman and CEO Ralph Izzo said. "Investing in a reliable and resilient energy infrastructure that is better able to withstand powerful and damaging storms like Sandy and other natural disasters will help keep New Jersey competitive and open for business," said New Jersey Chamber of Commerce President and CEO Thomas Bracken.

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