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February 21, 2013

N.J. utility says post-Sandy stormproofing will cost $4B

  • To prepare for more frequent big storms, PSE&G is looking at raising substations, relining gas lines with plastic and fortifying overhead power lines for higher winds.
    Associated Press

    New Jersey's largest utility company has proposed spending $3.9 billion over a decade to stormproof its Superstorm Sandy-battered electric and gas system in a time when big storms have become more frequent.

    Newark, N.J.-based PSE&G said it can be done without raising customers' bills — so long as power supply costs don't shoot up.

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