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
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Solar Gains Land PSE&G A Top Spot In Industry Ranking





NEWARK, N.J., April 17, 2013 /PRNewswire/ -- The Solar Electric Power Association (SEPA) announced yesterday that Public Service Electric and Gas Company (PSE&G) ranks third among U.S. utilities for the amount of solar capacity added within its electric service area in 2012.  This annual ranking, which identifies the companies that are integrating solar into the nation's power grid, is part of SEPA's sixth annual Utility Solar Rankings report.  This is the fourth consecutive year that PSE&G has ranked in the top three among U.S. utilities for solar integration.

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

According to SEPA, there were 144.5 megawatts-ac of solar capacity installed in PSE&G's service area during 2012.  PSE&G's Solar 4 Allâ„¢ and Solar Loan programs built or helped finance about 39 megawatts-ac of solar capacity in 2012, or more than 25 percent of the total.  PSE&G electric customers installed the remaining solar capacity independently and interconnected it to the PSE&G electric grid.

Joe Forline, PSE&G's vice president - customer solutions, said that PSE&G's ranking illustrates the strong support for solar in New Jersey.

"The fact that we have been in the top three of the SEPA rankings for four consecutive years shows that New Jersey businesses and homeowners continue to support clean energy solutions," he said. "Thanks to smart public policy and programs like our Solar 4 All and Solar Loan initiatives, New Jersey remains a center for solar power."

"Aside from solar's well-recognized environmental benefits, it is also providing economic benefits," Forline added. " PSE&G's programs alone  have created more than 1,000 direct jobs and our Solar 4 All program has provided 11 New Jersey-based companies with more than $300 million worth of work,"  Forline added.

SEPA's Top 10 Utility Solar Integration report covers more than 260 of the most solar-active utilities, representing more than 96 percent of the national U.S. solar electric power market.  Only Pacific Gas & Electric Company and Southern California Edison bested PSE&G in the SEPA rankings for total amount of solar capacity installed in their respective service areas in 2012.

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
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

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
Options Profits

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

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
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!
SYM TRADE IT LAST %CHG

Markets

DOW 18,213.49 -75.14 -0.41%
S&P 500 2,106.88 -10.51 -0.50%
NASDAQ 4,981.9540 -26.1420 -0.52%

Partners Compare Online Brokers

Free Reports

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