PSEG sees costs associated with Hurricane Sandy $250M-$300M 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 of $250M-$300M associated with Superstorm Sandy 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.
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PSEG plans to spend $12B in capital investments for next five years Cites the capital investments will be driven in transmission to maintain reliability. PSEG is implementing a 5-year capital program of $10B, a 20% increase in the level of spending over the prior five years. The additional investment is primarily due to PJM-mandated transmission upgrades to relieve projected system overloads and maintain reliability for millions of customers.