This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

PSE&G Named America's Most Reliable Electric Utility For The 5th Time In Eight Years

NEWARK, N.J., Nov. 29, 2012 /PRNewswire/ -- Public Service Electric and Gas Company (PSE&G) once again has been named America's most reliable electric utility, as well as the most reliable electric utility in the mid-Atlantic region.  New Jersey's largest electric and gas utility also garnered an award for its response to the two major storms in 2011.


This is good news for the 2.2 million New Jersey homes and businesses that rely on PSE&G for electricity. PSE&G electric customers experience far fewer and shorter interruptions than those who live elsewhere in the country. When there are power outages -- often the result of tree and animal contacts or storm damage -- customers and community leaders are kept updated on repair and restoration plans.

That was the determination of PA Consulting, the industry benchmarking group that awarded PSE&G its top honor last night-- the 2011 National Reliability Excellence Award -- for "demonstrating sustained leadership, innovation and achievement in the area of electric reliability." This is the fifth time in eight years the utility has received this recognition, and 11 straight years that it has garnered the ReliabilityOne Award for the Mid-Atlantic region. PSE&G also won Outstanding Response to a Major Outage Event for its performance during Hurricane Irene and the October snowstorm. 

"The people of PSE&G work hard every day to provide safe, highly reliable electric service to our customers," said PSE&G President and COO Ralph LaRossa. "The key is to never get complacent. We are continually looking for ways to improve and enhance our reliability. One way we are doing that is by investing in our electric transmission and distribution systems. Upgrading our infrastructure, coupled with our highly-skilled workforce, allows us to continually deliver on a blue sky day or during history-making storms such as those we have been experiencing in the past two years.

"Storms such as Hurricane Irene and the more recent superstorm Sandy have challenged our people and systems like never before," LaRossa added. "While I am proud of our performance during each of them, our customers expect more – and we will continue to work hard to meet that expectation." 

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.99 0.00%
FB $102.01 0.00%
GOOG $682.40 0.00%
TSLA $151.04 0.00%
YHOO $27.04 0.00%


Chart of I:DJI
DOW 15,973.84 +313.66 2.00%
S&P 500 1,864.78 +35.70 1.95%
NASDAQ 4,337.5120 +70.6750 1.66%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs