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