This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Two PSE&G Energy Efficiency Programs Win ACEEE Awards

Stocks in this article: PEG

NEWARK, N.J., March 27, 2013 /PRNewswire/ -- As part of their Third National Review of Exemplary Energy Efficiency Programs, the American Council for an Energy-Efficient Economy (ACEEE) recently recognized two Public Service Electric and Gas Company (PSE&G) energy efficiency programs for outstanding effectiveness and innovation.  The utility's Residential Multifamily Housing Program was honored as an "exemplary" program, while the PSE&G Hospital Efficiency Program was lauded with an "honorable mention." The ACEEE review is a national awards program that honors America's leading energy efficiency initiatives.  PSE&G is New Jersey's oldest and largest regulated gas and electric utility.

(Logo:  http://photos.prnewswire.com/prnh/20120830/MM62627LOGO )

"Our Multifamily Housing Program has made thousands of apartments more energy efficient for their occupants and our Hospital Efficiency Program is currently helping 28 hospitals in New Jersey reduce their utility bills, decrease their maintenance costs and improve patient comfort," said Joe Forline, vice president - customer solutions, PSE&G.  "We're making these and other investments that provide for much better use of energy in market segments that would otherwise be overlooked, so it's rewarding for us to see these programs get the kind of national praise and attention they deserve."

Programs selected for honors by ACEEE were judged especially noteworthy for their effectiveness and innovation in helping customers achieve greater levels of energy efficiency in their homes, businesses, and industries.

"These programs are delivering energy savings that are critical in helping customers reduce their energy costs, plus they make an important environmental contribution by reducing pollution from the use of fossil fuels," noted ACEEE's Utilities Program Director Dan York, Ph.D.  "ACEEE conducted this national review to recognize these outstanding energy efficiency initiatives and honor the people and organizations responsible for their success."

PSE&G's $39 million Residential Multifamily Housing Program helps multifamily housing complexes become more energy efficient and allows renters to realize the benefits of living in an energy efficient building.  The program has proven to be highly successful in terms of customer participation to date with more than 500 buildings having over 16,000 individual apartments enrolled or active in the program; of which nearly 50 percent are senior housing.  There are also more than 100 additional buildings with over 5,000 living units currently undergoing application review. 

PSE&G's Hospital Efficiency Program is a $129 million initiative that provides an investment grade audit at no cost to the customer, then proposes various cost effective energy conservation measures that make a substantial impact on the hospital's energy efficiency.  PSE&G provides up-front funding for the total cost of a project and the hospital repays a portion on their PSE&G utility bill at zero percent interest over 36 months. To date, 28 hospitals either have completed or are currently undergoing significant energy efficiency upgrades through the program. The PSE&G Hospital Efficiency Program is one of only four programs in the U.S. that specifically targets hospitals for energy efficiency improvements and the only program where the utility bears all of the upfront capital costs. 

Both programs currently have waiting lists of applicants and PSE&G is hoping to expand these initiatives in the near future.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs