PSEG estimates cost of Sandy restoration PSEG estimates that the cost associated with the restoration of PSE&G's distribution and transmission system following the impact of Superstorm Sandy and the subsequent Nor'easter as approximately $250M- $300M. The estimated cost of restoration includes both expenses and capital related to the restoration, and the company expects at least 85% of those costs to be deferred or capitalized for future distribution or transmission recovery. The estimate does not include potential future costs to permanently repair PSE&G's damaged infrastructure or to modify the infrastructure to reduce the risk of damage of future storms.
PSEG: PSEG Power to invest $100M-$120M for equity interest in PennEast Pipeline PSEG Power is considering construction of and proceeding with permitting for a new, highly efficient combined-cycle power plant at its existing Bridgeport Harbor Station site based on the strength of the ISO NE capacity market. The proposed project would add approximately 450 megawatts of gas-fired generating capacity in Connecticut's southwestern region to support electric system reliability. A final decision on this investment will be made in early 2015.