The New Jersey Board of Public Utilities (BPU) recently approved a settlement that will enable PSE&G to develop electric vehicle charging infrastructure in New Jersey. With this approval, the state’s largest utility is expected to invest $166 million over an expected six years helping to build out the state’s EV charging infrastructure.
PSE&G is committed to universal access to EV charging and to serving all markets. The utility will not own EV chargers, but instead will support the infrastructure needed to place chargers throughout its service territory.
The BPU action follows its approval in September of PSE&G’s $1-billion investment in energy efficiency, and its decision earlier this month to allow PSE&G to invest approximately $700 million to provide its 2.3 million electric customers with smart meters.
Public Service Electric & Gas Co. (PSE&G) is New Jersey’s oldest and largest gas and electric delivery public utility, serving three-quarters of the state’s population.