May 31, 2017 - 3:45 PM EDT
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PSE&G prepared for 2017 summer electric demand

$2.8 billion infrastructure investments will maintain reliability

NEWARK, N.J., May 31, 2017 /PRNewswire/ -- Public Service Electric and Gas Co. (PSE&G), New Jersey's largest utility, has made significant infrastructure investments that are in service for the first time this season, ensuring the utility is better prepared than ever to meet customer demand for safe, reliable electricity this summer.

Public Service Enterprise Group (PSEG) is a publicly traded diversified energy company. Its operating subsidiaries are: PSEG Power, Public Service Electric and Gas Company (PSE&G) and PSEG Long Island.

"PSE&G customers are benefiting from the $2.8 billion in electric and gas investments the utility made this past year," said John Latka, senior vice president of electric and gas operations at PSE&G. "These investments, along with our highly skilled and dedicated workforce, play a big role in making us one of the most reliable utilities in the country, and the most reliable in the Mid-Atlantic region 15 years running."

Notable projects completed since the start of last summer include:

  • Eliminated, or raised and rebuilt six substations and switching stations that were damaged by water during storms, including stations in Elizabeth, Garfield, Hoboken, Jersey City, Rahway and South Hackensack.
  • Installed relays and remote terminal units at 45 substations and installed a new Distribution SCADA system in all four divisions. This program deploys smart grid technologies to better monitor system operations to increase our ability to more swiftly deploy repair teams.
  • Completed 62 projects that address critical facilities, including hospitals, water treatment plants, telecommunications facilities and police stations. This program creates redundancy in the system, reducing outages when damage occurs.
  • Replaced 12 aging station transformers to maintain electric service reliability for customers in Bergen, Camden, Essex, Hudson and Union Counties.
  • Completed transmission hardening projects to raise station equipment in five flood-prone stations, benefiting customers in Bergen, Camden, Hudson and Union Counties.
  • Energized eight 69,000-volt substations and associated lines. The new networks provide increased local transmission supply capacity to customers across our service area, including many living in Bergen, Burlington, Hudson, Passaic and Union Counties.

In addition to these electric distribution upgrades, phase 2 of the $1.2 billion Bergen to Linden corridor upgrade is fully energized and completed on schedule. This portion represents the upgrade from Bayway station in Elizabeth, to Linden station. When complete in 2018, the 345-kilovolt (kV) line will run from Ridgefield to Linden, maintaining reliability by relieving congestion on other regional transmission lines.

The 2017 forecasted summer peak is 10,057 megawatts. Last year's peak was 9,800 megawatts, set on August 12. PSE&G's all-time summer peak was 11,108 megawatts, set on August 2, 2006.

PSE&G expects to have no problem delivering the additional power, but utility crews are at the ready to respond to service interruptions should they occur. The utility's rigorous preparedness program for summer includes conducting annual hurricane and tropical storm drills, employee training, developing emergency summer operating plans, and performing summer peak reliability analysis, helicopter and climbing inspections of transmission circuits, infrared inspections, system reinforcements and transmission line work.

PSE&G
Public Service Electric and Gas Company (PSE&G) is New Jersey's oldest and largest regulated gas and electric delivery utility, serving nearly three-quarters of the state's population.  PSE&G is the winner of the ReliabilityOne Award for superior electric system reliability.  PSE&G is a subsidiary of Public Service Enterprise Group Incorporated (PSEG) (NYSE: PEG), a diversified energy company.

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Forward-Looking Statements 
The statements contained in this communication about our and our subsidiaries' future performance, including, without limitation, future revenues, earnings, strategies, prospects, consequences and all other statements that are not purely historical, are "forward-looking statements" within the meaning of The Private Securities Litigation Reform Act of 1995.  Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ materially from those anticipated.  Such statements are based on management's beliefs as well as assumptions made by and information currently available to management.  When used herein, the words "anticipate," "intend," "estimate," "believe," "expect," "plan," "should," "hypothetical," "potential," "forecast," "project," variations of such words and similar expressions are intended to identify forward-looking statements.  Factors that may cause actual results to differ are often presented with the forward-looking statements themselves. Other factors that could cause actual results to differ materially from those contemplated in any forward-looking statements made by us herein are discussed in our Annual Report on Form 10-K and subsequent reports on Form 10-Q and Form 8-K filed with the Securities and Exchange Commission (SEC), and available on our website: http://investor.pseg.com/sec-filings.  All of the forward-looking statements made in this communication are qualified by these cautionary statements and we cannot assure you that the results or developments anticipated by management will be realized or even if realized, will have the expected consequences to, or effects on, us or our business, prospects, financial condition, results of operations or cash flows. Readers are cautioned not to place undue reliance on these forward-looking statements in making any investment decision. Forward-looking statements made in this communication apply only as of the date hereof.  While we may elect to update forward-looking statements from time to time, we specifically disclaim any obligation to do so, even in light of new information or future events, unless otherwise required by applicable securities laws.

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/pseg-prepared-for-2017-summer-electric-demand-300466524.html

SOURCE Public Service Electric and Gas Co. (PSE&G)


Source: PR Newswire (May 31, 2017 - 3:45 PM EDT)

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