PSE&G Seeks 2028 Extension After $900M Savings, 500K-Car Emission Avoidance
PSE&G’s Triennium 2.5 proposal would extend its New Jersey energy efficiency programs through June 2028, building on 480,000 customers and over 32,000 business upgrades. The programs have delivered nearly $900 million in annual savings and avoided emissions equivalent to removing 500,000 cars.
1. Extension Proposal and Scope
PSE&G is proposing to extend New Jersey’s second energy efficiency triennium (Triennium 2.5) through June 2028, working with the state Board of Public Utilities to maintain current programs that incentivize residential and small commercial customers to manage energy use.
2. Program Achievements to Date
To date, more than 480,000 customers and over 20,000 businesses have implemented over 32,000 upgrades, generating nearly $900 million in annual energy savings and avoiding carbon emissions equivalent to removing 500,000 gasoline vehicles for a year.
3. Economic and Regulatory Implications
The programs engage a network of local trade allies, contractors and union labor to deliver upgrades, supporting workforce continuity and economic activity, while stable program frameworks aim to preserve regulated revenue streams and customer bill relief.