NJ Utility Regulator OKs $446M In PSE&G Solar Projects

Law360, New York (May 29, 2013, 8:10 PM EDT) -- Public Service Electric & Gas Co. on Wednesday won approval for its controversial Solar 4 All and solar loan programs from New Jersey’s utility regulator, which will allow the utility to invest $446 million in solar energy amid criticism that the program would yield unnecessary ratepayer increases.

New Jersey’s Board of Public Utilities voted Wednesday to approve the proposals at its monthly meeting, with only BPU Commissioner Jeanne Fox voting to reject the proposals. PSE&G plans to invest the $446 million over the course of three...
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