PSEG
Dan Cregg is the CFO of PSEG.
The CFOs of Exelon, Duke Energy, and PSEG discussed resilience investments and customer affordability.
PUF's Steve Mitnick: Why does PSEG prioritize resilience in its investments?
Dan Cregg: That's a simple answer. If I think about our investments and what we're trying to do for our customers, we provide an essential service that they use every day. Making sure that it is there for them, as expected, that's first and foremost.
In addition, we're fortunate that the State of New Jersey does express that as a critical element of their energy policy, so we're making sure that we continue to be as resilient as we can within our system and that we sustain that resilience. Those are critical elements to everything we do, both on the gas and electric side.
The other aspect we may have that's a bit different from others is one of the most vital resources in New Jersey in the energy space, and that is our nuclear units. Those units are dispatchable, carbon-free generators that produce close to forty percent of the energy that New Jersey uses. That's a critical part of our energy infrastructure beyond our pipes and wires.
PUF: What are the expected tangible benefits of investing in resilience for the PSEG customer?