On 20th Anniversary of Northeast Blackout, PSE&G Remains Prepared to Meet Peak Summer Electric Demand

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PSEG: Planned $3.5B Infrastructure Investments to Enhance Resiliency and Reliability

Positive

• PSEG is making record-breaking infrastructure investments, with over $3.5 billion planned for 2023.
• The company has spent billions since the 2003 blackout to enhance reliability and resiliency.
• PSEG's investments have resulted in numerous reliability awards and top customer satisfaction rankings.

Negative

• The PR lacks specific financial data on the impact of the infrastructure investments on the company's bottom line.

Planned infrastructure investments in 2023 exceeding $3.5 billion to enhance resiliency and maintain reliability

NEWARK, N.J., Aug. 11, 2023 /PRNewswire/ -- Public Service Electric and Gas, New Jersey's largest utility, is well prepared to meet customer demand for safe, reliable electricity for the remainder of summer. Anticipated peak summer demand is expected to be in mid-August.

August 14 will mark the 20th anniversary of the 2003 Northeast blackout. The blackout originated in Ohio, left 50 million people across the northeast without power and stopped in PSE&G's service territory. Of the 750,000 PSE&G customers that lost power that day, nearly three-quarters were back online within five hours and virtually all had service noon the next day. Diversification and design protections helped to contain the outage, and PSE&G personnel safely reenergized the system, circuit by circuit.

Since the 2003 blackout, PSE&G has spent billions of dollars to further enhance the reliability and resiliency of its transmissions and distribution systems with the aim of leaving no one in the dark.

"PSE&G has a strong track record for providing safe, reliable utility service and this unprecedented blackout was a critical point in our industry," said Kim Hanemann, PSE&G president and chief operating officer. "Millions of people benefited from changes to federal policy after the 2003 blackout that enabled additional necessary investment into the US transmission grid. For PSE&G, it resulted in twenty years of infrastructure investments designed to create a more reliable and resilient grid while strengthening New Jersey's critical energy infrastructure and economy."

This year is no exception. PSE&G's 2023 planned capital expenditures of more than $3.5 billion is the largest investment plan in the utility's history.  

"Our investments in new infrastructure have helped us remain one of the nation's most reliable utility companies, bringing significant benefits to PSE&G customers," said John Latka, PSE&G senior vice president – electric transmission and distribution. "We have received numerous reliability awards and just last year for the first time ever, J.D. Power named PSE&G number one in customer satisfaction for both Residential Electric and Natural Gas Service in the East among Large Utilities."

While advances in technology provide critical new tools, PSE&G's most vital asset is a highly skilled, dedicated and motivated workforce. Some examples of projects completed this year that will have a big impact on electric reliability include:

• Newark Switching Station, which is the heart of PSE&G's Newark transmission/distribution network, services many critical customers including municipal, state and federal offices, several event venues, mass transit, multiple colleges/universities and more. The $350 million Newark Switch Rebuild Project modernized the aging infrastructure that was put into service in 1957, while also increasing reliability by redistributing crucial loads to other facilities when needed.
• The $550 million Roseland – Pleasant Valley Project was completed in May and is one of PSE&G's largest transmission projects to date. The 51-mile undertaking replaced older transmission facilities that were, on average, approximately 90 years old.
• Expanding our growing 69kV network statewide. We have completed a number of substation hardening and transformer replacement projects to maintain reliability and have completed circuit upgrades to improve the reliability of 561 distribution circuits that serve over 1.1 million customers across the state.

"Each year, we strengthen our distribution system so that fewer customers experience outages and, when they do occur, the duration is shorter," said Latka. "One major effort this year involved adding more smart devices across the state to bolster safety, resiliency and reliability."

Current projects:

Through Dec. 2023, PSE&G is also implementing a number of significant reliability projects under its $842 million Energy Strong II program including:  

• Raising and hardening equipment in 16 stations located in flood zones.
• Upgrading to smart grid technologies to reduce the number of people impacted by an outage (rerouting electricity quickly around problems), enable swifter deployment of repair teams and reduce outage durations.
• Storm hardening of certain circuits to reduce power outages by adding measures such as upgraded poles and cables that are more resistant to tree and limb damage.
• Creating an advanced distribution management system to make the system smarter, improve outage response and upgrade and secure vital communications networks.

Prepared for Additional Power Demand:

This summer's forecasted peak is 9,904 megawatts. Last year's peak was 10,147 megawatts, set on August 9, 2022.

PSE&G is prepared to deliver additional power to meet this summer's peak load, and our utility crews are ready to respond to service interruptions should they occur.

The utility's rigorous preparedness program for summer includes: conducting annual hurricane and tropical storm drills; employee training; developing emergency summer operating plans and performing summer peak reliability analysis; helicopter and climbing inspections of transmission circuits; infrared inspections; audits and inventories; equipment repairs and replacements; system reinforcements, and transmission line work. We continually refine our emergency preparedness program to ensure we maintain the highest possible level of reliability for our customers.

PSE&G
Public Service Electric & Gas Co. is New Jersey's oldest and largest gas and electric delivery public utility, as well as one of the nation's largest utilities. PSE&G is the 2022 Edison Award recipient from the Edison Electric Institute. PSE&G has won the ReliabilityOne® Award for superior electric system reliability in the Mid-Atlantic region for 21 consecutive years. For the second consecutive year, PSE&G is the recipient of the ENERGY STAR Partner of the Year award in the Energy Efficiency Program Delivery category. In addition, J.D. Power named PSE&G number one in customer satisfaction for both Residential Electric and Natural Gas Service in the East among Large Utilities. 

CONTACTS: Media Relations Rebecca Mazzarella 908-447-8126 Rebecca.Mazzarella@pseg.com

 

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SOURCE PSEG

FAQ

What is PSEG's planned infrastructure investment for 2023?

PSEG plans to invest over $3.5 billion in infrastructure in 2023, the largest investment plan in the company's history.

How has PSEG enhanced reliability and resiliency since the 2003 blackout?

PSEG has spent billions since the 2003 blackout to enhance the reliability and resiliency of its transmissions and distribution systems.

What are some examples of the projects completed by PSEG to enhance electric reliability?

Projects include the Newark Switching Station modernization, the Roseland – Pleasant Valley Project, and expanding the 69kV network statewide.

What is PSEG's summer peak power demand forecast for 2023?

The forecasted peak power demand for summer 2023 is 9,904 megawatts, with PSEG prepared to deliver additional power to meet this demand.

What awards has PSEG won for reliability and customer satisfaction?

PSEG has won the ReliabilityOne® Award for superior electric system reliability for 21 consecutive years, and J.D. Power named PSE&G number one in customer satisfaction for Residential Electric and Natural Gas Service in the East among Large Utilities.