PSEG

Public Service Enterprise Group (PSEG) has agreed to sell its 6.8-GW portfolio of non-nuclear generating assets—a fleet of 13 gas plants—to a fund controlled by ArcLight Capital Partners LLC for about $1.92 billion. The sale, which effectively sets up its exit from the competitive generation business, is expected to be completed late in the fourth […]

Cham, Switzerland (July 16, 2021) – Public Service Electric and Gas Co. (PSE&G) has signed a 10-year agreement with Landis+Gyr Technology Inc., a subsidiary of Landis+Gyr Group AG (SIX: LAND) registered in the US, for the supply of 2.3 million advanced meters, network infrastructure, and associated software and services, which are all connected to the […]

PSEG Power retired its Bridgeport Harbor Station Unit 3 (BHS 3, Figure 1) on May 31. The unit, located in Bridgeport, Connecticut, was the last remaining coal-fired power plant in the company’s fleet. “The retirement of Bridgeport Harbor Station Unit 3 marks the end of an era for the City of Bridgeport and the citizens […]

LOWER ALLOWAYS CREEK, N.J. (Oct. 15, 2020) – PSEG Nuclear’s Salem Unit 1 entered its planned refueling and maintenance outage on Oct. 3, 2020, when operators safely removed the unit from the regional power grid. Salem 1 is one of three nuclear units operated by PSEG in Salem County, New Jersey. Collectively, the three nuclear […]

It’s an article of faith in large parts of the U.S.—at least among power industry people—that organized and Federal Energy Regulatory Commission (FERC)–regulated “merchant” interstate power markets are the best way to ensure a sufficient supply of electricity, as well as to ensure fair and equitable prices for ratepayers. On that basis, large areas of […]

Public Service Enterprise Group (PSEG), New Jersey’s giant utility, has become the latest major U.S. power company to seek an exit from the competitive generation business.  In a statement attached to the company’s second-quarter 2020 earnings results released on July 31, Ralph Izzo, PSEG chairman, president, and CEO, said the company is “exploring strategic alternatives” […]

NEWARK, N.J. (April 8, 2020) — PSEG announced that it has donated 4,000 boxes or 200,000 pairs of gloves to the State of New Jersey in an effort to help the medical community meet its increased need for protective equipment amid the COVID-19 pandemic. PSEG is donating the gloves to the state, which will distribute the […]

NEWARK, N.J. (March 24, 2020) — PSEG announced today that it is donating more than 50,000 N95 respirator masks to one of New Jersey’s largest health care systems in an effort to help the medical community meet its increased need for protective equipment amid the COVID-19 pandemic. “We recognize the dire need that the medical […]

The New Jersey Board of Public Utilities (NJBPU) on Dec. 20 announced it has approved 45 applications in the first year of its Community Solar Energy Pilot Program. The NJBPU in a statement Friday said the projects, with total generation capacity of 77.61 MW, will be designed by local governments, community groups, and private developers. […]

Danish renewables firm Ørsted’s 1.1-GW Ocean Wind project is the winner of New Jersey’s first award for offshore wind, the New Jersey Board of Public Utilities (NJBPU) said on June 21.  Ørsted, with support from Public Service Enterprise Group’s (PSEG’s) non-utility affiliate, vied for the award with two other offshore wind developers that submitted bids […]