PSE&G received top honor for electric vehicle charging program | Daily News Byte

NEWARK, NJ / ACCESSVIRE / December 20, 2022 / Public Service Electric and Gas Company, New Jersey’s largest utility with 2.3 million electric customers and 1.9 million gas customers, has received the prestigious Drive Electric Award – Utility Award 2022 from Plug In America for its Clean Energy Future – program electric vehicles. PSE&G received this national honor for its leadership in supporting the advancement of EV infrastructure in the state. PSE&G is committed to making EV use in New Jersey more affordable and convenient.

PSE&G is the first utility in New Jersey to support the creation of the state’s electric vehicle charging infrastructure through a $166 million investment dedicated to installing 45,000 EV chargers throughout its service territory for residential, commercial and DCFC EV charging.

The state-approved program helps qualified customers with the cost of installing an EV charger and mitigates some or all of the costs associated with upgrading their electric service. It does this by supporting increased electricity consumption, offering billing discounts for DCFC sites and providing off-peak charging credits to residential customers by reducing the charger’s energy consumption during peak hours. This program supports the country’s broader electrification efforts.

“At PSE&G, we’re driving a future where people use less energy and it’s cleaner, safer and delivered more reliably than ever,” said Dawn Neville, electric transportation manager at PSE&G. “We are proud to be recognized for our leadership in transportation electrification in New Jersey as we all work to create the infrastructure for access to affordable, cleaner energy.”

PSE&G was also honored for its commitment to the conversion of its rolling stock, which should contribute to the reduction of carbon emissions and set an example for others. As part of its plan to reduce carbon emissions, PSE&G is working to convert 100% of its passenger vehicles, such as sedans and SUVs, 60% of medium-duty vehicles and 90% of heavy-duty vehicles by 2030 to battery-electric, plug-in hybrids. anti-idling systems or work site systems.

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The 2022 Drive Electric Awards were held in Los Angeles, California in October 2022.

Supporting the adoption of electric vehicles is just one example of how PSE&G is helping New Jersey residents and businesses reduce their carbon emissions. These actions can help mitigate climate change. PSE&G will continue to facilitate the transition to low-carbon energy for customers through programs that promote the widespread adoption of energy efficiency and the transition to electric vehicles.

For more information on the Clean Energy Future – Electric Vehicle Program, visit www.pseg.com/ev.

FORWARD-LOOKING STATEMENTS
Certain matters discussed in this communication about our and our subsidiaries’ future performance, including, without limitation, future revenues, earnings, strategies, prospects, consequences and any other statements that are not solely historical, constitute “forward-looking statements” within meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ materially from expectations. Such statements are based on management’s beliefs, assumptions and information currently available to management. When used herein, the words “anticipate”, “intend”, “estimate”, “believe”, “expect”, “plan”, “should”, “hypothetical”, “potential”, “anticipate”, “project” , variations of such words and similar expressions are intended to identify forward-looking statements. Factors that could cause actual results to differ are often set forth in the forward-looking statements themselves. Other factors that could cause actual results to differ materially from those anticipated in any forward-looking statements made herein are discussed in our reports on Form 10-K, Form 10-K and Form 8- K. These factors include, but are not limited to:

• any inability to successfully develop, obtain regulatory approval or build transmission and distribution and solar and wind generation projects;

• physical, financial and transition risks related to climate change, including risks related to potentially increased legislative and regulatory burdens, changes in customer preferences and lawsuits;

• any equipment failure, accidents, critical operational technology or business system failures, severe weather events, acts of war, terrorism, sabotage, cyber attack or other incidents, including pandemics such as the ongoing coronavirus pandemic, that may affect our ability to provide safe and reliable service to our customers;

• any inability to recover the book value of our long-lived assets;

• disruptions or cost increases in our supply chain, including labor shortages

• any inability to maintain sufficient liquidity or access sufficient capital on commercially reasonable terms;

• the impact of cyber security attacks or intrusions or other disruptions to our information technology, operating or other systems;

• the impact of the ongoing coronavirus pandemic;

• failure to attract and retain skilled labor;

• inflation, including increases in the cost of equipment, materials, fuel and labor;

• the impact of our obligations under our debt instruments on our business

• adverse performance of our investments in nuclear decommissioning funds and defined benefit plans and changes in funding requirements

• failure to complete or delay in completing the Ocean Wind offshore project and failure to realize the anticipated strategic and financial benefits of this project;

• fluctuations in the wholesale electricity and natural gas markets, including potential impacts on the economic viability of our generating units;

• our ability to ensure an adequate supply of fuel;

• market risks affecting the operation of our production facilities;

• changes in technology related to energy production, distribution and consumption and changes in consumer usage patterns;

• third party credit risk related to our sales of production output and purchases of fuel;

• any inability of PSEG Power to fulfill its obligations under forward sales obligations;

• reliance on transmission facilities to maintain adequate transmission capacity for our power generation fleet;

• the impact of changes in state and federal laws and regulations on our business, including PSE&G’s ability to recover costs and realize a return on approved investments;

• PSE&G’s investment programs may not be fully approved by regulatory authorities and its capital investments may be lower than planned;

• the absence of a long-term legislative or other solution for our New Jersey nuclear power plants that sufficiently values ​​them for their carbon-free, fuel diversity and resiliency attributes, or the impact of immediate or later payments for such attributes being materially adversely modified through legal proceedings;

• adverse changes in and non-compliance with energy industry laws, policies, regulations and standards, including market structures and transmission planning and transmission refunds;

• risks associated with our ownership and operation of nuclear facilities, including increased nuclear fuel storage costs, regulatory risks, such as compliance with the Atomic Energy Act and trade control, environmental and other regulations, and financial, environmental and health and safety risks;

• changes in federal and state environmental laws and regulations and their enforcement;

• delays in receiving or inability to obtain necessary licenses and permits; and

• changes in tax laws and regulations.

All forward-looking statements made in this communication are qualified by these cautionary statements, and we cannot assure you that the results or developments anticipated by management will be realized or even, if realized, that they will have the expected consequences or effects on us or our business, prospects, financial condition, results of operations or cash flows. Readers are cautioned not to place undue reliance on these forward-looking statements in making any investment decision. Forward-looking statements made in this communication speak only as of the date of this announcement. Although we may choose to update forward-looking statements from time to time, we expressly disclaim any obligation to do so, even in light of new information or future events, unless otherwise required by applicable securities laws.

RANGE
Public Service Electric & Gas Co. is New Jersey’s oldest and largest public gas and electric utility, serving three-quarters of the state’s population, as well as one of the state’s largest utilities. PSE&G is a 2022 Edison Award recipient from the Edison Electric Institute. PSE&G has won the ReliabilityOne Award for Superior Electric System Reliability in the Mid-Atlantic Region for 21 consecutive years. PSE&G received the 2022 ENERGI STAR® “Partner of the Year” award in the Energy Efficiency Program Delivery category and became the 2021 Customer Champion and Most Trusted Brand as named by Escalent. PSE&G is a subsidiary of Public Service Enterprise Group Inc., (PSEG) (NISE:PEG), a predominantly regulated infrastructure company focused on the clean energy future and named to the Dow Jones Sustainability Index for North America for 14 consecutive years (www.pseg.com).

See additional multimedia and more ESG storytelling from Public Service Enterprise Group (PSEG) at 3blmedia.com.

Contact info:
Spokesperson: Public Enterprises Group (PSEG)
Website: http://www.pseg.com
Email: info@3blmedia.com

SOURCE: Public Enterprises Group (PSEG)

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