Star-Ledger: "NJ regulators approve $1 billion PSE&G infrastructure-hardening project"

May 21, 2014

When Public Service Electric & Gas proposed its $3.9 billion infrastructure-hardening project last year following the devastation of Hurricane Sandy, it represented the single largest filing any New Jersey utility had ever requested. When state regulators today approved the $1 billion settlement for the project, known as "Energy Strong," state Board of Public Utilities President Dianne Solomon noted that the scaled-down version was still a record. "While substantially less than originally sought by the company, make no mistake, this is the largest infrastructure investment settlement ever to come before this board," Solomon told the audience in Trenton. PSE&G’s original Energy Strong proposal in February 2013 was for 10 years and $3.9 billion, but the utility only filed for the first five years, at $2.6 billion. Read more on