An agency in New Jersey has given the nod to PSE&G to spend $700 million on smart meters, technology that can help customers use power more efficiently
PSE&G Gets Green Light to Provide Smart Meters
BPU-Approved Settlement Allows $700 Million Investment Over 4 Years
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NEWARK, N.J., Jan. 7, 2021 /PRNewswire/ Public Service Electric & Gas received approval today from the New Jersey Board of Public Utilities to invest approximately $700 million during the next four years to provide its 2.3 million electric customers with smart meters. The decision clears the way for the largest installation of smart meter technology in New Jersey history.
Smart meters are the foundation of PSE&G s Energy Cloud – Advanced Metering Infrastructure effort that will create an integrated, two-way communications network between electric customers and the utility. This network will enable automatic, near real-time meter reading – virtually eliminating estimated utility bills, providing more efficient response to outages and allowing customers to make more informed decisions about their energy us
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