Coalition Moves To Block PSE&G Proposal To Harden Power Grid

November 1, 2013 – In The News
NJ Spotlight

Steven Goldenberg was quoted in the NJ Spotlight article “Coalition Moves to Block PSE&G Proposal To Harden Power Grid.” While the full text can be found in the November 1, 2013, issue of NJ Spotlight, a synopsis is noted below.

According to a coalition of consumer groups, manufacturers and environmentalists, the state should reject out-of-hand a nearly $4 billion proposal by Public Service Electric & Gas to harden its electric and gas infrastructure.

The case, which is currently pending before the state Board of Public Utilities, has put the agency in a tough predicament. It is under pressure from the governor’s office to take aggressive steps to avoid widespread outages like those that occurred during Hurricane Sandy. But, if the proposal is approved, it could increase residential delivery costs for electricity by nearly 20 percent, and by 14 percent for gas, according to a consultant retained by one of the interveners.

“Public Service could implement Energy Strong today,” argued Goldenberg, who is representing the New Jersey Large Energy Users, a group representing manufacturers and other large users of energy. “It won’t do so until it is given extraordinary rate recovery,” he said.