December 4, 2012 – Construction projects are old hat for utility companies, but Hurricane Sandy drew a bold line under plans to strengthen and protect the infrastructure that delivers gas, electricity and water to New Jersey customers. Calls for upgrading the state’s aging utility systems, an expensive endeavor, come at a time when rate increases have already rankled New Jersey legislators. During the meeting in Holmdel, Ralph LaRossa, Public Service’s president and chief operating officer, described $2.9 billion worth of current and future construction projects. They include $1.3 billion for grid improvements in the northeast and north central parts of the state, $834 million to put up new lines in South Jersey and $790 million for its Susquehanna-Roseland line project which got approval in early October.
Link to Full Article: http://www.nj.com/business/index.ssf/2012/12/pseg_jcpl_among_nj_utilities_t.html