PSE&G Sandy power restoration cost of $300M - Dallas News | myFOXdfw.com

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>>

  • Ex-NBA player: Re-entry tougher than serving time

    Ex-NBA player: Re-entry tougher than serving time

    Thursday, April 17 2014 6:50 PM EDT2014-04-17 22:50:46 GMT
    Jayson WilliamsJayson Williams
    Former NBA player Jayson Williams says trying to re-enter society after serving time for shooting a limousine driver was more difficult than being in prison.
    Former NBA player Jayson Williams says trying to re-enter society after serving time for shooting a limousine driver was more difficult than being in prison.
  • Governor Christie wants to do away with campaign donation limits and realty transfer fees

    Governor Christie wants to do away with campaign donation limits and realty transfer fees

    Thursday, April 17 2014 4:08 PM EDT2014-04-17 20:08:25 GMT

    During his town hall meeting in Somerset County on Tuesday Gov. Chris Christie said he believes there should be no limits on the amount of money people can donate to political campaigns, as long as they disclose their contributions within a 48-period, according to nj.com.

    During his town hall meeting in Somerset County on Tuesday Gov. Chris Christie said he believes there should be no limits on the amount of money people can donate to political campaigns, as long as they disclose their contributions within a 48-period, according to nj.com.

  • Man with samurai sword arrested at New Jersey deli

    Man with samurai sword arrested at New Jersey deli

    Thursday, April 17 2014 9:27 AM EDT2014-04-17 13:27:28 GMT
    New Jersey NewsNew Jersey News
    Employees at a southern New Jersey deli say they feared for their lives when a man walked in and brandished a samurai sword. It happened at American Deli in Lower Township.
    Employees at a southern New Jersey deli say they feared for their lives when a man walked in and brandished a samurai sword. It happened at American Deli in Lower Township.
Powered by WorldNow

KDFW FOX 4
400 N. Griffin Street
Dallas, Texas 75202

Main Station Directory:
(214) 720-4444
News Fax:
(214) 720-3263 or (214) 720-3333

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