Momentum to Modernize
PSEG designed and constructed New Jersey’s energy grid to last – and it shows. Our electric and gas infrastructure are the foundation for one of the most reliable, resilient utilities in the nation. Even as our company evolves, we must continue to invest in infrastructure to ensure that the state’s energy network remains effective.
PSEG’s modernization programs include:
- Our Gas System Modernization Program, which reduced methane emissions by replacing 510 miles of aging cast-iron and steel gas pipe with more durable plastic. A second phase will begin in 2019 and replace 875 miles over five years.
- Our Energy Strong program increased energy resiliency after Superstorm Sandy by raising critical electric and gas infrastructure to prevent service disruptions during future extreme weather events. A second phase has been submitted to the New Jersey Board of Public Utilities for renewal and approval.
- Our Clean Energy Future program will increase our commitment to renewable energy, develop ambitious targets for energy efficiency and energy storage, and encourage electrification of the transportation sector.
- Our Transmission investment, from 2010 to 2017, totaled $11 billion to maintain the reliability and enhance the resiliency of our transmission system. Future investments will be aimed at replacing aging infrastructure and upgrading our transmission system.
And we’re able to perform this important infrastructure work while keeping customer bills affordable. Today’s customer bills are 30 percent lower than they were in 2008 – and will remain low even as we work to keep PSE&G among the nation’s leaders in reliability and customer satisfaction.
We estimate that modernizing our infrastructure will add nearly $30 billion into the New Jersey economy by 2020, supporting thousands of jobs to build and operate new facilities, as well as additional jobs that will result from the enhanced economic activity. The end result will be a stronger New Jersey economy, and a more reliable, resilient and cleaner energy grid.