ORLANDO, Fla. (June 20, 2022) — The Edison Electric Institute (EEI) today awarded Public Service Electric & Gas (PSE&G) with the 94th Edison Award. Presented annually and selected by a panel of former energy industry executives, the Edison Award is the electric power industry’s highest honor. The award was presented in Orlando, Fla., during EEI 2022, EEI’s annual thought leadership forum.
Following Superstorm Sandy in 2012, PSE&G, New Jersey’s largest electric company, launched and executed its historic infrastructure modernization programs, which called for investing nearly $4.8 billion to fortify New Jersey’s electric and natural gas infrastructure against future storms. In 2021, PSE&G announced it would invest an additional $842 million through 2023 to further strengthen its statewide electric and natural gas systems to better withstand storms, improve reliability, and significantly enhance resilience. The benefits of this historic infrastructure investment were apparent when the remnants of Hurricane Ida arrived in New Jersey in September 2021 causing deadly flash floods and a rare Category 3 tornado. During the storm, none of PSE&G’s substations experienced service interruptions due to flooding, compared to the 29 substations that experienced service interruptions due to flooding during Hurricane Irene in 2011 and Superstorm Sandy in 2012.
“Delivering resilient clean energy to our customers and to our communities always is the top priority for EEI and for our member companies,” said EEI President Tom Kuhn. “After Superstorm Sandy hit a decade ago, PSE&G’s forward-thinking Energy Strong program has reinforced its commitment to making the investments needed to enhance energy grid reliability and resilience. PSE&G is exceptionally deserving of this prestigious recognition, and I congratulate them for being named this year’s Edison Award winner.”
“Continuing these investments to protect our customers from the extreme weather caused by climate change is fundamental to our Powering Progress vision of a future where people use less energy, and it’s cleaner, safer, and delivered more reliably than ever.” said PSE&G President and COO Kim Hanemann. “PSE&G is honored to be recognized with this year’s Edison Award, and we look forward to continuing to serve our customers and our communities every day.”