PSEG Asks NJ Regulators To Approve $306M For Clean Energy

NEWARK, NJ — One of the largest power companies in the nation is hoping to invest another large chunk of money into its ongoing “clean energy” efforts in New Jersey.

On Thursday, PSE&G – which has a headquarters in Newark – announced that it has submitted a proposal for a six-month extension of its Clean Energy Future program to the New Jersey Board of Public Utilities (NJBPU).

The $1 billion program was approved by the NJBPU in September 2020. It includes several initiatives that aim to help PSE&G to shift into the clean energy market, such as improving energy efficiency in homes and businesses, upgrading to “smart meters,” and beefing up the state’s electric vehicle infrastructure.

The NJBPU approved a $280 million, nine-month extension of the program in May. Now, PSE&G is seeking another extension – this time for six months and $306 million.

PSE&G said it plans to follow up its latest extension request with a separate proposal for an expanded, 2.5-year version of the program, which would introduce new initiatives such as “building decarbonization and demand response measures.”

The company’s plunge into the clean energy market has been kicking into high gear over the past few years. Catch up with some of our recent coverage below (click headline to read the article).

• PSEG Has $2.5B Plan To Rebuild Its Gas Infrastructure, Pipelines
• NJ Board Approves PSEG Plan For $511M In Infrastructure Upgrades
• PSEG To Sell $2 Billion 'Fossil Generating Portfolio'
• PSEG To Invest $166M In Electric Vehicle Charging Stations In NJ
• PSEG Has 500 Open Jobs In Newark; 'Clean Energy' Fuels Hiring Push
• PSEG Gets Green Light From NJ To Roll Out $700M Smart Meter Plan
• PSEG Wants To Put More Solar Panels In N.J. Landfills, Brownfields
• PSEG Has Given Free 'Energy Checkups' To Thousands Of Homeowners
• New PSEG Boss Takes Over With An Eye On Wind And Solar

Send local news tips and correction requests to eric.kiefer@patch.com. Learn more about advertising on Patch here. Find out how to post announcements or events to your local Patch site. Don’t forget to visit the Patch Newark Facebook page.