Electric Light & Power Magazine Names PSE&G As Its 2015 Utility of the Year
TULSA, Okla., Dec. 16, 2015 /PRNewswire/ — Electric Light & Power magazine, which has covered the utility industry for 93 years, has named Newark, New Jersey-based Public Service Electric & Gas Co. as its 2015 Utility of the Year.
Editor in Chief Teresa Hansen and her staff selected the winner by considering infrastructure investment, reliability and customer satisfaction rankings, sustainability initiatives and financial strength, among other factors.
“After Super Storm Sandy, electric utilities in the Northeast were faced with not just repairing much of their infrastructures, but also with the bigger job of preparing them to better withstand future catastrophic events,” Hansen said. “PSE&G has risen to the challenge by investing heavily in grid hardening, as well as infrastructure upgrades that will serve not only its customers, but also its shareholders.”
PSE&G had a pivotal year in terms of infrastructure improvement in 2015. It began its post-Super Storm Sandy investment program—the three year $1.22 billion system-hardening Energy Strong program—in 2015, completed the 500-kV Susquehanna-Roseland transmission line and substantially completed the Northeast Grid Reliability Project, which is scheduled to be operational in early 2016. Together, the two transmission projects cost about $1.6 billion.
PSE&G was ranked “Highest in Business Customer Satisfaction among Gas Utilities and Large Electric Utilities in the East” according to J.D. Power. (For J.D. Power information, visit jdpower.com.) The utility also was once again recognized as first in electric reliability in the Mid-Atlantic region by PA Consulting.
It has about 2.2 million electric and 1.8 million natural gas customers across more than 300 communities throughout New Jersey.
A story about the award and an interview with Ralph Izzo, CEO of PSE&G parent firm Public Service Enterprise Group, is featured in the November-December edition of Electric Light & Power.