PSE&G Announces Energy System Upgrades & Conservation
Jan 29, 2009 – PSE&G [NYSE: PEG] announced that in line with President Barack Obama’s stimulus bill it will spend $888 million to improve its energy infrastructure and advance energy conservation. It stated that its customers are switching to compact fluorescent light [CFL] bulbs and using its solar loan program. It said its program will create an estimated 1,700 jobs in addition to speeding up improvements to its gas and electric infrastructure. It will upgrade street lights with more efficient induction fluorescent technology and replace older equipment with “smart grid” components. They will also put programmable thermostats, CFLs and other energy-saving measures directly in customers’ homes.