Search
 

PSE&G Proposes $100M Solar Initiative

Public Service Electric & Gas, Newark, has unveiled an initiative designed to spur investment in solar power in New Jersey.

By Eric C. Peterson | Updated on June 05, 2007

Public Service Electric & Gas, Newark, has unveiled an initiative designed to spur investment in solar power in New Jersey. Pending approval of the New Jersey Board of Public Utilities, the state’s largest utility is prepared to invest upwards of $100 million over the next two years to help finance the installation of solar systems in businesses, municipal buildings and homes.

“Our proposed initiative highlights our intention to be a leader here in New Jersey in finding ways to improve the environment,” says Ralph Izzo, chairman and CEO of Public Service Enterprise Group, PSE&G’s parent company. “Climate change is a reality that needs to be addressed now. We are prepared to invest a substantial amount of capital, and we have developed an innovative regulatory approach to provide new avenues and incentives for investment in renewal energy.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.