Reliability and Resiliency

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Presentation transcript:

Reliability and Resiliency Ralph Izzo, Chairman, President and CEO, PSEG

2014 Polar Vortex Temperature (Daily average, EWR) FAHRENHEIT

Electricity Demand PS Zone Load MWh

Electricity Prices Western Hub Day Ahead RTC LMP

Gas Demand Total Sendout MDth

Gas Prices Transco Z6

Curtailment Electric Generation Gas Usage MDth

Post-Superstorm Sandy Actions taken: Eliminating, raising or rebuilding 19 substations that flooded during severe weather events. At the end of the five-year Energy Strong program, 26 protected substations will be in service. $395 million

Post-Superstorm Sandy Actions taken: Installing 240 miles of new, plastic gas mains in flood-prone areas. $370 million

Post-Superstorm Sandy Actions taken: Providing the capability to remotely make changes on circuits. $106 million

Post-Superstorm Sandy Actions taken: Creating redundancy and installing automated devices that allow equipment to be controlled remotely, protecting 260 critical customers.  $84 million

Post-Superstorm Sandy Actions taken: Raising and hardening eight gas meter and regulating stations. $25 million

Reliability is no longer enough. Resiliency matters.