PSE&G Sandy power restoration cost of $300M - DC News FOX 5 DC WTTG

PSE&G Sandy power restoration cost of $300M

Posted: Updated:

NEW YORK (AP) -- Public Service Electric and Gas is estimating the cost of power restoration after Superstorm Sandy and a subsequent Nor'easter at between $250 million and $300 million.

PSE&G, New Jersey's largest utility, says the storm left 1.7 million of its electric customers without power during the course of the storm -- the most in the utility's history.

The storm also caused severe damage to its infrastructure. The Newark company, a unit of Public Service Enterprise Group, says its crews are still working to repair its system.

The utility says the estimate does not include the cost of beefing up its infrastructure to better protect it from future storms.

PSE&G continues to forecast operating earnings of $2.25 to $2.50 per share for the full year. FactSet says analysts expect $2.39.

  • New Jersey NewsNew Jersey NewsMore>>

  • Jane Dornick "BusyBusy Mom" please guilty to sexual exploitation of a minor

    Jane Dornick "BusyBusy Mom" please guilty to sexual exploitation of a minor

    Tuesday, July 22 2014 10:30 AM EDT2014-07-22 14:30:37 GMT
    Photo courtesy of TAPinto.netPhoto courtesy of TAPinto.net
    South Plainfield resident Jane Dornick, 53, pleaded guilty, prior to the selection of a jury, to Count One of an indictment charging her with three counts of sexual exploitation of a child. Dornick was arrested on Feb. 19, 2013. The remaining counts will be dismissed at sentencing. Dornick entered her plea before U.S. District Judge Freda L. Wolfson in Trenton federal court.
    South Plainfield resident Jane Dornick, 53, pleaded guilty, prior to the selection of a jury, to Count One of an indictment charging her with three counts of sexual exploitation of a child. Dornick was arrested on Feb. 19, 2013. The remaining counts will be dismissed at sentencing. Dornick entered her plea before U.S. District Judge Freda L. Wolfson in Trenton federal court.
  • AT&T cell antennas face legal snag; public will make its case Sept. 18 before vote

    AT&T cell antennas face legal snag; public will make its case Sept. 18 before vote

    Tuesday, July 22 2014 10:28 AM EDT2014-07-22 14:28:36 GMT
    Photo courtesy of TAPinto.netPhoto courtesy of TAPinto.net
    In November of last year, ATT attorney Judy Fairweather promised: "I will come back with an army (of experts)" in her bid to convince the Zoning Board of Adjustment to grant multiple variances that would allow her company to install 12 cell antennas on the NJ American Water Tower on Buxton Road. At the end of the meeting on Thursday, Fairweather all but sounded retreat after bowing to the request by residents, who asked that the next meeting be moved to Sept. 18.
    In November of last year, ATT attorney Judy Fairweather promised: "I will come back with an army (of experts)" in her bid to convince the Zoning Board of Adjustment to grant multiple variances that would allow her company to install 12 cell antennas on the NJ American Water Tower on Buxton Road. At the end of the meeting on Thursday, Fairweather all but sounded retreat after bowing to the request by residents, who asked that the next meeting be moved to Sept. 18.
  • Search for masked robbers in Caesars heist

    Search for masked robbers in Caesars heist

    Tuesday, July 22 2014 8:22 AM EDT2014-07-22 12:22:25 GMT
    The hunt is on in southern New Jersey for two suspects who made off with more than $180K from Caesars Atlantic City casino. The brazen robbers reportedly stole the cash from two plastic boxes on the casino floor. The robbery occurred on Monday at about 6 a.m. The masked robbers took off in a vehicle. The State Police Casino Gaming Bureau is handling the investigation.
    The hunt is on in southern New Jersey for two suspects who made off with more than $180K from Caesars Atlantic City casino. The brazen robbers reportedly stole the cash from two plastic boxes on the casino floor. The robbery occurred on Monday at about 6 a.m. The masked robbers took off in a vehicle. The State Police Casino Gaming Bureau is handling the investigation.
Powered by WorldNow

WTTG FOX 5 & myfoxdc
5151 Wisconsin Ave. NW
Washington, DC 20016
Main Number: (202) 244-5151
Newsroom: (202) 895-3000
fox5tips@wttg.com

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices