PSE&G’s $4B Storm Program Lacks Bang For Buck, Critics Say

Law360, New York (September 16, 2013, 9:11 PM EDT) -- Union, government and business leaders on Monday backed Public Service Electric & Gas Co.'s proposed $3.9 billion program to bolster its systems in New Jersey against extreme weather like Superstorm Sandy even as critics challenged its costs and benefits.

PSE&G has admitted that its “Energy Strong” program would only have prevented or shortened power outages for 39 percent of its customers who lost power during Sandy, according to Stefanie Brand, director of the state Division of Rate Counsel, during the quasi-judicial proceeding at Essex County Community...
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