‘Energy Strong’ Case Has Wider Implications for Regulators, CustomersApril 7, 2014 – In The News
Steven S. Goldenberg was quoted in the NJ Spotlight article, "‘Energy Strong’ Case Has Wider Implications for Regulators, Customers." Full text can be found in the April 7, 2014, issue, but a synopsis is noted below.
Hearings in the case known as “Energy Strong” regarding a Public Service Electric & Gas (PSE&G) proposal to spend $2.6 billion on infrastructure improvements over the next five years have concluded, but parties in the case appear no closer to reaching a settlement.
One of the most contentious issues in the case is PSE&G’s attempt to recover its investments immediately from its customers.
“From a financial perspective, Energy Strong would provide PSE&G nothing less than a license to spend money – establishing for its use the regulatory equivalent of a well-funded ATM machine,” Steven Goldenberg, an attorney representing a coalition of large energy users, said in his brief.