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

PSEG Opens Largest Electric Car Charging Facility In New Jersey

NEWARK, N.J., July 8, 2013 /PRNewswire/ -- PSEG today opened the largest electric car charging facility in New Jersey with 13 electric charging stations in its headquarter garage.  Eleven of the spots are designated for employees' use and two spots are used for company electric cars.


Today also marked the start of the PSEG Employee Electric Car Incentive Program at three company locations: PSEG Headquarters in Newark, the PSEG Edison Training Center and the PSEG Energy and Environment Resource Center in Salem New Jersey.  Participants in the program have access to no-cost charging through July 2016 and in Newark, have access to no cost parking through July 2016.

"This is a great example of 'if you build it they will come.' In just a few weeks since this program was announced, we have had nine people sign up for the program – and most of them have gone out and bought an electric car because of the program," said Randy Mehrberg, executive vice-president of strategy, PSEG. 

All participants agree to complete regular surveys about their electric car experience.  The first was on motivations for purchasing an electric car. Reasons listed included helping the environment, liking to be on the cutting edge of technology or saving money on gas or parking. Cars bought by initial participants included Chevy Volts, Honda Fit, Nissan Leaf, plug-in Toyota Priuses and a plug-in Ford Fusion. 

"PSEG has been a leader in reducing pollution from our power plants but that will not be enough.  It is important that we also make efforts to reduce emission from transportation – be it from electrifying our ports or increasing the use of electric cars.  I am proud that our employees – as is so often the case – are leading the way," said Ralph Izzo, chairman, president and CEO, PSEG.

PSEG is a diversified energy company based in Newark NJ.  PSEG has three main subsidiaries: PSEG, NJ's largest and oldest combined gas and electric delivery company, PSEG Power, a merchant power generation company and PSEG Energy Holdings, a developer of solar farms throughout the US.

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


Chart of I:DJI
DOW 17,050.28 -0.47 -0.00%
S&P 500 2,013.43 +15.91 0.80%
NASDAQ 4,821.3560 +10.5680 0.22%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs