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.
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.