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!

PSE&G Prepared For 2013 Summer Electric Demand

NEWARK, N.J., June 20, 2013 /PRNewswire/ -- With the summer season officially under way, Public Service Electric and Gas Co. (PSE&G) has taken steps to meet the expected high demand for electricity in the coming months.

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

The forecasted summer peak for this year is 10,562 megawatts. Last year's peak was 10,521 megawatts, set on July 18, and PSE&G's all-time summer peak was 11,108 megawatts, set on Aug. 2, 2006.

"We've already experienced one heat wave in 2013, and there's certainly more hot weather on its way," said Ralph LaRossa, PSE&G president and COO. "PJM, which manages electric supply for our region, has said we will have enough power to meet the demand for electricity this summer. Our customers can rest assured that when the temperature starts to climb, they'll be able to run their fans and air conditioners to keep cool."

PSE&G expects to have no problem delivering the additional power, but utility crews are at the ready to respond to service interruptions should they occur. The utility's rigorous preparedness program for summer includes conducting employee training, developing emergency summer operating plans, and performing summer peak reliability analysis, helicopter and climbing inspections of transmission circuits, infrared inspections, system reinforcements and transmission line work.

PSE&G customers are also benefiting from about $1.8 billion in electric and gas infrastructure upgrades the utility is making this year to its transmission and distribution facilities to maintain reliability.

Recent upgrades for this summer include the replacement of over 100 miles of underground distribution cable, 10 miles of aerial cable, 129 pad-mounted transformers, 127 microprocessor relays and 57 underground network protectors. To prevent tree contacts with energized power lines, crews have trimmed nearly 3,300 miles of trees along distribution and transmission lines.

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!
DOW 16,943.81 +28.74 0.17%
S&P 500 1,967.57 +2.89 0.15%
NASDAQ 4,415.49 +19.2860 0.44%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

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