NEWARK, NJ-- With today's approval of its plan to invest $694 million in accelerated electric and gas infrastructure projects, Public Service Electric & Gas Company (PSE&G) began to hire the first of 900 new utility and contractor positions to be created during the next two years.
The capital infrastructure investment program, approved today by the New Jersey Board of Public Utilities (BPU), is in response to Governor Jon Corzine's call for increased capital spending to create jobs while ensuring that customers continue to receive safe, highly reliable electric and gas service.
PSE&G has also proposed a $190 million Energy Efficiency Stimulus Program that would encourage conservation and create about 650 green jobs. If approved, it would expand an existing program that offers energy audits, programmable thermostats and other measures to residents in the state's urban centers, as well as investment-grade audits to hospitals and businesses, providing additional jobs for contractors. A BPU decision is expected in June.
Under the investment approved today, PSE&G will begin work on 38 electric and gas initiatives. About 900 skilled utility and contractor positions would be created in New Jersey during the next two years from this accelerated capital investment.
The utility will spend $421 million in electric system capital improvements, including the $50 million replacement of mercury vapor municipal street lighting with more efficient induction fluorescent lighting.
Other electric system work will include replacement of aged underground cable facilities, network transformers and relays, and the upgrading of overhead cable, transformers and substation equipment. About 600 new utility and contractor positions are expected to be created to perform this work.
During the next two years, the utility will spend about $273 million to replace and reinforce aging gas cast iron and bare steel mains and services, and upgrade metering and regulating stations.
All PSE&G positions to be filled will be posted on www.pseg.com in the Careers section. Individuals interested in working for the company are encouraged to regularly check the site as new jobs are anticipated to be added.
Public Service Electric & Gas Company
www.pseg.com
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