NEWARK, NJ-Following by a day Gov. Chris Christie’s announcement the state will push to rebuild a more storm-resistant highway along the shore, PSE&G proposed today to spend $3.9 billion over the next decade to do the same with electric and gas infrastructure.

The Newark-based utility said it asked for initial approval of $2.6 billion from the Board of Public Utilities to cover the first five years of upgrades. For the second five years, it will seek an additional $1.3 billion.

The BPU has power to approve or reject the projects, but the funds come from ratepayers. PSE&G said that the lowered price of natural gas means the impact on rates would be mitigated. In the aftermath of the Oct. 29 superstorm Sandy, most of PSE&G electric customers – 2 million out of 2.2 million- lost power. Swiitching and substations, poles and electrical equipment suffered damage in the violent storm, as well as falling trees downing wires over a widespread area. 

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