Aug. 5, 2011: PSE&G Expands Investments in Energy Efficiency Programs
NEWARK, N.J. — Public Service Electric and Gas Co. (PSE&G) has received approval from the New Jersey Board of Public Utilities (BPU) to make additional investments in the company’s existing energy efficiency programs. The utility announced it will invest an additional $95 million to bring energy efficiency measures to hospitals, municipalities, non-profits, and multi-family housing units, including affordable housing and senior projects. This is an extension of a $166 million program approved in 2009 to provide energy audits and the direct installation of energy efficiency measures to customers who might not otherwise have been able to afford them.
The two-year program extension will provide additional investments in three program segments that are fully subscribed and have a backlog of customers who wish to participate.