Clean Energy Future
The centerpiece of PSE&G’s historic Clean Energy Future program has been approved by New Jersey Regulators, clearing the way for critical investments in advanced technology designed to address the global problem of climate change, lower energy bills and enhance economic opportunities across the state, especially in urban centers.
Under the energy efficiency initiative approved by the New Jersey Board of Public Utilities (NJBPU), PSE&G will invest $1 billion to help customers cut household energy use, leading to meaningful improvements in air quality and public health and reductions in the state’s carbon footprint.
Beyond energy efficiency, the NJBPU is weighing PSE&G proposals to advance electric vehicle charging infrastructure, utility-scale energy storage capabilities, and in technology that is expected to usher in a more dynamic and resilient utility system. The Clean Energy Future proposal includes the creation of the Energy Cloud, a real-time digital communication network linking PSE&G with more than 2 million electric customers.
PSE&G is seeking approval to invest over $1 billion in pending Clean Energy Future programs, including $261 million for electric vehicles, $109 million for energy storage, and more than $700 million for the Energy Cloud program.*
The Clean Energy Future proposal is among the most significant advances in energy policy ever presented in New Jersey.
Amid the economic hardship and unprecedented job losses caused by the COVID-19 pandemic, the investment in clean energy could not come at a better time. The Clean Energy Future program as proposed would build on PSE&G’s existing efforts to modernize its utility infrastructure, lower customers’ energy bills, improve energy efficiency, reduce emissions, create jobs and impact the local economy for years to come.
PSE&G stands behind New Jersey Phil Murphy and his clean energy agenda. We believe our Clean Energy Future proposal has the potential to transform the way we think about energy in New Jersey, leading to cleaner air, shorter disruptions and reduced monthly bills.