PSE&G plans to install solar panels in NJ

February 10, 2009 4:57:56 AM PST
New Jersey's largest utility is set to announce an ambitious plan to install solar panels on 200,000 utility poles. The New York Times reports Public Service Electric & Gas on Tuesday will also seek to place the panels on schools, municipal buildings, low-income housing and closed garbage dumps.

PSE&G expects to spend $773 million to generate 120 megawatts of electricity. That amounts to barely 1 percent of the power consumed in the Garden State.

The solar panels would feed into the power grid and PSE&G would sell the electricity on the wholesale market.

Customers would pay 10 cents a month more in the first year and as much as 35 cents during the course of the five-year project.

State regulators must approve the project.

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Information from: The New York Times, http://www.nytimes.com

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