PSE&G Pleads Case For $4B Grid Upgrade To NJ Utility Board

Law360, New York (February 25, 2014, 7:54 PM EST) -- Public Service Electric and Gas Co. on Tuesday urged the New Jersey Board of Public Utilities to approve a $3.9 billion plan to steel its electric grid against catastrophic weather events, saying its evidence will prove the project is beneficial to ratepayers.

In the first day of evidentiary hearings on the controversial proposal, PSE&G’s general counsel Matthew Weissman laid out the utility’s case for the massive upgrades. Weissman told the board the $2.6 billion in initial funding it requested will begin the important work of ensuring...
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