PSE&G Eyes $4B System Upgrade In Hurricane Sandy's Wake

Law360, New York (February 20, 2013, 7:01 PM EST) -- Public Service Electric & Gas Co. on Wednesday proposed fortifying its electric and gas systems against extreme weather through $3.9 billion in improvements that include raising, relocating or protecting switching and substations that have been affected by recent storms and upgrading flood-threatened gas mains.

The 10-year “Energy Strong” program would also cover the deployment of smart grid technologies, more redundancy in the system to reduce outages and the placement of 20 miles of overhead electric distribution lines underground, according to PSE&G, which has filed with the...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.