PSEG Is Investing $1 Billion in Solar

NEWARK, N.J. — People haven’t thought of PSEG as a solar company, but to a growing extent, it is. There isn’t a cleaner or more inexhaustible power source and we recognize how critical it is to meet the demand for cleaner energy. So we are following Thomas Edison’s advice and have invested more than $1 billion over the last seven years in solar technology – yielding a rich and growing harvest of green energy and jobs on the path to a more sustainable future. The company has dedicated the largest part of this investment to develop or help finance solar […]

NEWARK, N.J. — People haven’t thought of PSEG as a solar company, but to a growing extent, it is. There isn’t a cleaner or more inexhaustible power source and we recognize how critical it is to meet the demand for cleaner energy.

So we are following Thomas Edison’s advice and have invested more than $1 billion over the last seven years in solar technology – yielding a rich and growing harvest of green energy and jobs on the path to a more sustainable future. The company has dedicated the largest part of this investment to develop or help finance solar installations in New Jersey. PSEG’s efforts are playing an important role in helping the Garden State achieve its renewable energy goals – benefiting all of our customers, creating jobs and growing a new industry.

Public Service Enterprise Group (NYSE: PEG) is a publicly traded diversified energy company with annual revenues of $10.4 billion. Its operating subsidiaries are: Public Service Electric and Gas Company (PSE&G), PSEG Power, and PSEG Long Island.