Date of Release:
Apr 4 2016
Battered by storms and weakened with age, the natural gas distribution pipes of urban New Jersey have long been in need of repair. And for a long time, the state’s largest utility, Public Service and Enterprise Group (PSE&G), has wanted to replace them. The problem is that pipelines cost upwards of $1.3 million per mile, and the utility owns 4,330 miles of them. Replacing it all would cost at least $6 billion, not to mention decades of work.