NJ Utility Watchdog Calls PSE&G Grid Upgrade 'Vague'

Law360, New York (March 20, 2013, 5:36 PM EDT) -- New Jersey's Board of Public Utilities on Wednesday pressed Public Service Electric & Gas Co. for more details on its $3.9 billion proposal to strengthen its electric grid against extreme weather, calling the proposal vague on cost-to-benefit analysis.

At its monthly meeting, the BPU discussed PSE&G's Energy Strong program, saying the utility would not get approval for its proposed hardening of the electric grid until it could provide detailed estimates of the costs, benefits and rate impacts for further review.

The board passed an order requiring...
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