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April 01, 2015
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PSE&G Gets State's Go-Ahead To Spend $95 Million On Energy Efficiency Initiative

It looks like Public Service Electric & Gas will be allowed to continue a popular program to help hospitals, multifamily units, government facilities, and nonprofits reduce their energy costs through energy efficiency.

The state Division of Rate Counsel, the staff of the New Jersey Board of Public Utilities, and the Newark-based utility on Monday signed a settlement that will let the Newark-based utility spend $95 million on a wide range of initiatives to curb energy consumption.

The agreement still needs to be approved by the BPU, but given that the major players in the rate case have all signed onto the settlement, it is likely it will be approved when it comes up before the board, possibly as early as this month.

See link to full article below.
Source:
NJ Spotlight
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