PSE&G files with NJ BPU to invest additional $74 million energy efficiency programs

Written By: Stratton Report
March 6, 2017

PSEG Main

On March 6, PSE&G announced it had filed a proposal with the New Jersey BPU to invest $74 million to extend three popular energy efficiency programs and authorize two new initiatives.

According to the utility, the requested extension would allow PSE&G to continue energy efficiency efforts at hospitals and healthcare facilities, government facilities, non-profit organizations and small businesses, as well as residential multifamily buildings and allow PSE&G to launch two new initiatives to help customers save money on their home energy bill by encouraging residential customers to purchase smart thermostats and by providing selected customers with personalized energy reports.

Courtney McCormick, vice president – renewables and energy solutions, PSE&G noted:

Our filing today with the BPU demonstrates PSE&G’s continued commitment to energy efficiency, which is the lowest-cost energy resource. These programs continue our support for energy efficiency in critical sectors like hospitals, multifamily housing, non-profits, government agencies and small businesses while also allowing PSE&G to explore innovative new energy efficiency approaches for residential customers.

PSE&G proposes to invest an additional $25 million in the Hospital Efficiency; an additional $20 million in the Residential Multifamily Housing Program; an additional $15 million in the Direct Install Program; an additional $11.5 million in the Smart Thermostat Program; and an additional $2.5 million in the Residential Home Energy Reporting Program.