The modern utility faces a new reality: Customers’ demands are changing. They want more reliability, they want more resilient power, they want cleaner energy and they want access to smart technology to better understand their energy use – all while keeping bills affordable.
What if New Jersey’s nuclear plants – which produce nearly 50 percent of the state’s electricity and 97 percent of its carbon-free energy – were to close? The result would be more pollution, higher bills and thousands of jobs lost.
On May 1, 1916, thousands of people gathered in Newark’s Military Park and lined Broad Street as the city celebrated its 250th anniversary with a grand parade. The day before, our long-time corporate headquarters – the Public Service Terminal Building – opened across the street, also to great fanfare. Continue reading
Twenty million people celebrated on the first Earth Day in 1970. Since then, hundreds of millions more have followed their pioneering example to spread the inspiring message that each of us can make a difference for the environment.
Like book publishers and TV networks, innovation has challenged many companies, including those within the utility industry. The efficiency of appliances and machinery has greatly advanced, reducing the consumption of electricity. Meanwhile, new technologies have led to steep decreases in the price of electricity.
Literally, we are selling less for less. Continue reading
Toward the end of his extraordinary life Thomas Edison said:
I’d put my money on the sun and solar energy. What a source of power!
As a company with a strong partnership with the people of New Jersey for more than 100 years, we’re always focusing our energy today on how to meet tomorrow’s needs.
We recently put together a short paper discussing how our customers’ needs are evolving. I encourage you to read it and tell us what you think. Continue reading
More than 100 world leaders gathered in Paris this week to develop an international accord for tackling climate change.
These talks must set the stage for action. Anything less would disappoint the hopes of millions of people around the world and fail to meet our obligations to those who will come after us. Continue reading
The late Yogi Berra once said, “It’s tough to make predictions, especially about the future.” I agree with Yogi’s wise words. No one knows for certain what the future will bring. But at PSEG we always try to plan for the next generation’s energy needs – with a strong focus on constantly improving how we provide energy solutions for our customers and the larger society around us.
For more than 100 years we’ve built an energy system dedicated to keeping the lights on and gas flowing safely and reliably to serve our customers. That’s not going to change. But what if we put at the heart of our energy system the idea of doing more with less? It’s an idea whose time has come.
Let me explain why.