These savings estimates are used to determine if PSEG Long Island achieves its annual scorecard goals. July 20, 2021; PSE&G Reaches Agreement to Lower Transmission Rates; Will File Agreement With FERC; Electric Customers to Save Approximately $140 Million a Year . Call our Emergency Hotline at 1-800-490-0075, available 24 hours / 7 days. A scheduled increase in PSEG Power's average capacity prices in PJM for the second half of 2020 and higher gas operations results improved non-GAAP Operating Earnings comparisons by $0.04 and $0.01 per share, respectively, compared to the fourth … Approximately 290 of that total are outages reported during the storm period, which impacted 420,000 customers. The information provided about your energy bill is a summary of the charges that may be applicable to you as a customer of PSE&G. Authority to Update Low Income Discount: Updates to Low Income Rate sare based on the parameters PSEG Long Island customers voice displeasure over latest price increase. PSEG Long Island are required to submit a proposed rate increase for DPS review if it would increase the rates and charges by an amount that would increase the Authority’s annual revenues by more than two and one-half percent of the prior year’s total annual revenues. August 8, 2020 August 10, 2020 / PSEG Long Island Due to the extended power outage, PSEG Long Island will open six customer outreach centers today. Then be sure to check out our School News, featuring the latest updates for schools & colleges around LI! July 14, 2021; PSE&G Storm Update — Friday, July 9, 2021, 11 AM. Wyandanch Resident Honored by PSEG Long Island for Women in Construction Week and Women’s History Month. PSEG Power continues to forecast output for 2020 of 50 - 52 TWh. *PLEASE NOTE: If your issue is an emergency or an urgent matter, do not submit this form. ), the Authority and PSEG Long Island are required to submit a proposed rate increase to the New York Department of Public Service (the “DPS”) for review if it would increase the rates and charges by an amount that would increase the Authority’s annual revenues by more than 2.5% of total annual revenues. I have service in Long Island or The Rockaways, NY by PSEG Long Island and LIPA and used to develop annual savings goals. In 2015, the Long Island Power Authority Board of Trustees approved the largest rate increase in LIPA’s history. 2020 PSE&G Tax Adjustment Credit (TAC) Filing. Thank you for … The company’s total generation in 2019 was 56.8 TWh: 56% was produced by gas, 34% nuclear, 3% coal, 5% oil, and 2% pumped storage. § 1020 et seq. Learn more about the detail of your bill, including electric and gas rate descriptions and an explanation of charges. The information provided about your energy bill is a summary of the charges that may be applicable to you as a customer of PSE&G. It does not replace the PSE&G Tariffs for Electric Service and/or Gas Service. PSE&G Reaches Agreement to Lower Transmission Rates; Will File Agreement With FERC; Electric Customers to Save Approximately $140 Million a Year . DPS-LI will also review smaller rate requests at the request of LIPA or PSEG LI. Background. Now moving on to Power. 112th Year of Paying a Common Dividend. PSEG Long Island spokesman Jeffrey Weir said under the proposed rate increase customers use 775 kilowatts of power, will pay an increased $3.25 a … As of June 6, 2020, to mitigate exposure and spread of COVID-19, we have been limiting our in-home audit programs. Date: 02/5/2020. There is a "command and control" leadership style at the company. For Immediate Release: Contact: Peter Peretzman. Following the NJBPU's approval of the CEF-EE settlement, PSE&G updated its 2020-2024 Compound Annual Growth in Rate Base projection to 7% to 8%, from the prior 6.5% to 8%, and narrowed PSE&G's capital investment program over the same 5-year period to $12.5 billion to $14.7 billion. PSEG Long Island Upgrades Transmission Infrastructure Between East Shoreham, Riverside July 13, 2021 PSEG Long Island Storm Update — Friday, July 9, 2021, 3:30 p.m. In 2018 the Utility 2.0 Filing and subsequent updates in the 2020 filing, PSEG Long Island presented their plans to modernize the customer experience by offering tools and rate options that encourage customers to proactively manage their energy use, lower their costs, or increase When we talk about PSEG Long Island's "rates," this refers only to Delivery & System Charges. LIPA contracts with PSEG-LI to manage the electric system for LIPA. The efforts face challenges. PSEG Long Island operates the Long Island Power Authority's electric distribution system serving 1.1 million customers under a 12-year management contract that began in January 2014. Tariff for Electric Service. PSEG Increases Common Stock Dividend. Most recently, we announced our goal to further cut our PSEG Power fleet’s carbon emissions by 80% by 2046, from 2005 levels, and our belief that, with the necessary advances in technology, customer behavior and public policy, we can achieve our vision of attaining net-zero carbon emissions from our fleet by 2050. DPS will review future requests for rate increases of 2.5 percent or more. BPU Docket Nos. Pursuant to the Public Authorities Law, PSEG LI (Company), Service Provider for the Long Island Power Authority (LIPA), submits for review to the Department of Public Service (Department or DPS), proposed plans related to implementation of energy efficiency measures, distributed generation and/or advanced grid technology programs, having the … A Note to Our Customers. Over the past several weeks, we have been implementing those plans. PSE&G and PSEG LI worked around the clock alongside nearly 3,000 mutual aid personnel in New Jersey and over 5,000 in Long Island to restore … Since, 2013, Long Island has seen the single largest rate increase in the history of LIPA. July 14, 2021; PSE&G Storm Update — Friday, July 9, 2021, 11 AM. PSEG Long Island Storm Update — Friday, July 9, 2021, 6:30 a.m. July 9, 2021. PSEG Long Island: Storm Update – August 5, 2020 10:00 p.m. PSE&G's Net Income for the fourth quarter 2020 increased by $0.04 per share from the year earlier quarter. Today’s work plan will focus on the remaining storm-related outages, which we expect will be completed tonight. PSEG Long Island continues to make strong progress restoring customers affected by Tropical Storm Isaias. July 20, 2021; PSE&G Reaches Agreement to Lower Transmission Rates; Will File Agreement With FERC; Electric Customers to Save Approximately $140 Million a Year . NYAW will postpone its April 1, 2020 rate increase of $4.3 million for Service Area 1 customers and $3.1 million for its Service Area 2 customers until September 1, 2020. NEWARK, N.J., Aug. 3, 2021 /PRNewswire/ -- Public Service Enterprise Group (NYSE: PEG) reported a Net Loss for the second quarter of 2021 of $177 million, or … That rate increase resulted in a cumulative 7.3% rate increase in the delivery portion of LIPA bills. Kaminsky has asked about PSEG LI salaries before and had hoped that a state law passed in 2016 that says such information must be part of a utility rent-increase case would make them public. July 14, 2021; PSE&G Storm Update — … Filed Under: Jessica Layton, Local TV, New Jersey, PSE&G, PSEG Long Island FANWOOD, N.J. (CBSNewYork) — Utility customers across the tri-state area … Public Service Enterprise Group (NYSE: PEG) reported a Net Loss for the second quarter of 2021 of $177 million, or $0.35 per share, compared to … PSEG Long Island spokesman Jeffrey Weir said under the proposed rate increase customers use 775 kilowatts of power, will pay an increased $3.25 a … In spite of the fact that PSEG-LI was the recipient of more than $720 million in federal dollars, we were told the rate increases and the increased debt were needed to prepare for the next big storm. PSEG and LIPA, which hiked 2018 rates by more than $7 a month in January, are considering filing for a formal state rate … In 2020, PSE&G was named the most trusted combined gas & electric utility in the East Region, by the Cogent Syndicated Brand Trust Index. Filed October 28, 2020. PSEG Long Island continues to operate, providing safe and reliable electricity to more than its 1.1 million customers. The state Public Service Commission on Tuesday granted an emergency request by New York American Water to postpone September surcharges and rate increases, citing the "ongoing nature of the pandemic." PSE&Gs forecast of net interest income for 2020 is unchanged at $1,310 million to $1,370 million. Most recently, we announced our goal to further cut our PSEG Power fleet’s carbon emissions by 80% by 2046, from 2005 levels, and our belief that, with the necessary advances in technology, customer behavior and public policy, we can achieve our vision of attaining net-zero carbon emissions from our fleet by 2050. National Scam … The employees at PSEG tend to be long-tenured. This will impact approximately 125,000 customers, most of whom are on Long Island. PSE&G bills skyrocket across N.J. Customers outraged as utility underestimates usage during pandemic. in the DR are projected to increase by about $50 million in 2019 and an additional $29 million in 2020 (Exh. Our automated telephone service is available 24/7 at 1-800-490-0025 to make a payment, report an outage and more. July 20, 2021; PSE&G Reaches Agreement to Lower Transmission Rates; Will File Agreement With FERC; Electric Customers to Save Approximately $140 Million a Year . The Delivery & System Charges also include certain transition charges collected on behalf of the Utility Debt PSE&G and PSEG Long Island worked around the clock alongside nearly 3,000 mutual aid personnel in New Jersey and over 5,000 on Long Island to restore service. In … PSEG is a Fortune 500 company included in the S&P 500 Index and has been named to the Dow Jones Sustainability Index for North America for 12 consecutive years (https://corporate.pseg.com). 7). It does not replace the PSE&G Tariffs for Electric Service and/or Gas Service. CBS Local News reported that PSEG is raising its power supply charge by 14 percent, which will add about $10.50 to the bill of the average customer. Unlike the cost of power, these charges do not fluctuate with market conditions and are set by the Long Island Power Authority. Let’s get started - please select a site: I have service in New Jersey . PSEG Long Island Upgrades Transmission Infrastructure Between East Shoreham, Riverside July 13, 2021 PSEG Long Island Storm Update — Friday, July 9, 2021, 3:30 p.m. Public Service Enterprise Group (PSEG) is a publicly traded (NYSE:PEG) diversified energy company headquartered in New Jersey, and one of the ten largest electric companies in the U.S. Total assets (2020): $50.1 billion. PSE&G Reaches Agreement to Lower Transmission Rates; Will File Agreement With FERC; Electric Customers to Save Approximately $140 Million a Year. PSE&G and PSEG Power. Essentially, the more power a household consumes, the more significant the price hike will be in terms of average rate per KWh on the monthly PSEG electric bill. This is the 113th consecutive year our company has provided a dividend and the 16th dividend increase in the last 17 years. As of 9:00 p.m., PSEG Long Island reports approximately 25,000 of the approximately 420,000 storm-affected customers remain without power.As PSEG Long Island continues to work around the clock to repair the extensive damage from Tropical Storm Isaias, it expects to have most customers restored by end of today, with some jobs moving into Monday.While we… PSEG is a Fortune 500 company included in the S&P 500 Index and has been named to the Dow Jones Sustainability Index for North America for 13 consecutive years (https://corporate.pseg.com). He noted that delivery rates charged to ratepayers have increased in 2014 and will increase in 2015. Continuing strong progress, PSEG Long Island employees and contractor crews have restored more than 260,000 customers affected by Tropical Storm Isaias, which was one of the strongest to hit the service area in years.In total, the storm affected approximately 420,000 customers. July 14, 2021. Employees: approximately 12,800. PSE&G current capital program to deliver high single-digit growth in rate base through 2020 (New York, NY – March 11, 2016) (NYSE – PEG) – Public Service Enterprise Group (PSEG) today said that it plans to invest $16 billion over the next five years to provide customers with more reliable, affordable and cleaner energy. Tropical Storm Elsa continues across Long Island and the Rockaways bringing heavy rain and strong winds with the possibility of toppling large trees, branches and wires. As of 3:45 p.m., PSEG Long Island reports 9,180 total customers without power. The storm is … August 12, 2020 / PSEG Long Island. Updated Aug 21, 2020 ... A $7 rate increase … PSE&G is the winner of the ReliabilityOne Award for superior electric system reliability in the Mid-Atlantic region. For the average PSEG Long Island residential customer using 709 kWh a month in 2020, this new rate results in a slight change of $4.49 on the Power Supply Charge portion of the bill, as compared to May. Tax expense was $0.02 unfavorable compared to the second quarter of 2020, driven by the timing of adjustments to reflect PSE&G's estimated annual effective tax rate. These charges evolve on a regular basis, and their value can be verified on the PSEG Long Island official website, or on the Long Island Power Authority website (LIPA), or on the website of the New York State Public Service Commission. Electric sales adjusted for weather were up nearly 4% over the second quarter of 2020, led by an 11% increase in Commercial sales, offset by a 5% decline in Residential sales as people gradually return to work outside the home. In an April 10 letter to Kathleen H. Burgess, Secretary of the New York State Public Service Commission (PSC), Comptroller Kennedy urged her to reject the proposed PSE&G Long Island rate hike in the delivery portion of the customer bill. Total annual revenues (2020): $9.6 billion. The PSEG Long Island pricing, rates & tariffs represent the different charges that are paid on your bill. --Public Service Enterprise Group reported Net Income for the second quarter of 2020 of $451 million, or $0.89 per share, compared to Net Income of … The first 600 KWh will charged a price of $0.127933, a 5.5% increase from the previous $0.121264 basic generation service price. PSEG Long Island customers dealing with January's electric-bill sticker shock face another jump in February, and likely another in March, the company said, … PSEG Power reported non-GAAP Operating Earnings of $0.10 per share for the fourth quarter 2020, unchanged from the fourth quarter of 2019. As of 9:30 p.m. today, fewer than 108,000 customers remain without power.PSEG Long Island estimates 85% of customers will be restored by end of day Friday, with the remainder restored by end of day Saturday. Although trading future for more Following the NJBPU's approval of the CEF-EE settlement, PSE&G updated its 2020-2024 Compound Annual Growth in Rate Base projection to 7% to 8%, from the prior 6.5% … In February 2020, we raised our indicative annual dividend rate to $1.96 per share, from $1.88 per share in 2019. Headquartered in Newark, N.J., PSEG's principal operating subsidiaries are: Public Service Electric and Gas Co. (PSE&G), PSEG Power and PSEG Long Island. For the remainder of 2020 Power has hedged approximately 95% - 100% of production at … 2020 New York American Water customers on Long Island are facing a looming rate hike, though some local politicians are looking to stall the price jump. and PSEG Long Island to submit for review to the New York State Department of Public Service (DPS) a three-year rate proposal for electric rates for the 2016-2018 period Subsequent to the rate proposal period, LIPA and PSEG Long Island are required to submit a proposed rate increase for … PSE&G's forecast of net income in 2021 has been updated to $1.42 billion to $1.47 billion from $1.41 billion to $1.47 billion. PSEG DECLARES REGULAR QUARTERLY DIVIDEND FOR THIRD QUARTER OF 2021. This is the utility’s seventh price hike this year. ER20100685 and GR20100686. Business units work within silos and there is low collaboration between teams. Nearly 3,000 lineworkers, tree trimmers… PSEG Power reported non-GAAP Operating Earnings of $0.10 per share for the fourth quarter 2020, unchanged from the fourth quarter of 2019. 609-984-9707. NJBPU Approves 2020 Electricity Auction Results. The Merrick-based utility company announced earlier this year that as of Tuesday, Sept. 1, its 120,000 customers will see an increase in their water bills. Now moving on to Power. PSEG Gains A Rate Hike. PSEG DECLARES REGULAR QUARTERLY DIVIDEND FOR THIRD QUARTER OF 2021. Our strong financial position has supported the growth in our dividend. PSEG also reported Net Income for the fourth quarter of 2020 … To verify claimed savings, the evaluation team independently calculates the saving using the calculations and assumptions pre-approved by PSEG Long Island. The bulk of the investments will be made in New Jersey. These centers are open from 10 a.m. until 4 p.m. (or while supplies last), providing people with free water and ice. July 9, 2021 PSEG Long Island Storm Update — Friday, July 9, 2021, 6:30 a.m. July 9, 2021. A $7 rate increase at the beginning of the year and July being the hottest month on record in the Garden State since 1895 could also contribute to the high bills, Ugorji noted. Larios said she’s an essential worker and hasn’t been home more often, so she doesn’t know how her estimated usage could increase 169%. You can also text us at PSEGLI ().Simply text OUT to report an outage, PAY to make a payment or BAL to check your balance. PSEG Long Island is doing its part to help slow and prevent the spread of COVID-19 to all its valued customers and business partners. July 9, 2021. July 9, 2021 These increased costs will be included in rates by way of the DSA, which reflects the actual debt service costs, or through a rate increase. Looking to stay in the loop on the latest happenings in the Education World? Women and people of color tend to leave the company at disproportionate rates … March 15, 2021; Make Way for the Osprey. PSEG Power reported non-GAAP operating earnings for … LIPA’s Tariff and Regulatory Filings A scheduled increase in PSEG … These tariffs are on file with the New Jersey Board of Public Utilities. By agreeing to postpone the rate increases, Headquartered in Newark, N.J., PSEG's principal operating subsidiaries are: Public Service Electric and Gas Co. (PSE&G), PSEG Power and PSEG Long Island. In total, PSEG … In the Matter of Public Service Electric and Gas Company for Approval of Changes in its Electric Tax Adjustment Credit and Gas Tax Adjustment Credit, “2020 TAC Filing” . The three year increase was implemented between 2016 and 2018. In January 2020, PSE&G issued $600M MTNs; PSE&G’s $2.7B 2020 capital program to be funded consistent with authorized capital structure of 54% equity PSEG closed on a $300M term loan in March and a $200M term loan in April for general corporate purposes Debt Maturitiesof $1.4B in 2020: PSE&G $259M; PSEG Power $406M and $700M at PSEG No. https://www.psegliny.com/aboutpseglongisland/ratesandtariffs/rateinformation PSEG Long Island will join Utilities United Against Scams (UUAS) to recognize the fifth annual Utility Scam Awareness Week Nov. 16 -20. 2020. PSEG, a New Jersey-based company that has a 10-year contract with LIPA to operate Long Island’s system, said this money and rate increases that started in 2016 would be used to: PSEG Long Island spokesman Jeff Weir said the utility is projecting that the wholesale cost of natural gas will go up another 30 percent in February, and "there could be another increase in … July 14, 2021; PSE&G Storm Update — Friday, July 9, 2021, 11 AM. Indicative Annual Dividend Rate Increased $0.08 to $1.88 Per Share. March 17, 2021; Circuit Reliability Upgrades to Begin in Smithtown. Public Service Enterprise Group PSEG Earnings Conference Call 2nd Quarter 2021 August 3, 2021 EXHIBIT 99.1. PSE&G Names Deborah Affonsa New Chief Customer Officer. March 3, 2021 When PSEG Long Island was selected as LIPA’s new service provider, we committed to making significant improvements to the system and to maintaining a three-year rate freeze. July 9, 2021 PSEG Long Island, like many companies, has robust business continuity plans and emergency procedures that predate the COVID-19 outbreak. We've created a program that makes renewable energy, like solar power, more accessible by offering financing and innovative ways to connect to existing systems. Keeping your power on during weather emergencies means preparing when the sun shines. Learn what we're doing in your community to strengthen our systems against storms and other hazards. Visit our Matter Number 15-00262: Long Island Power Authority and PSEG Long Island Three-Year Rate Plan for 2016-2018 page to read more. PSE&G's forecast of Net Income for 2020 is unchanged at $1,310 million - $1,370 million. PSE&G Storm Update — Friday, July 9, 2021, 11 AM. LIPA’s debt has continued to grow to an historic level. The Long Island Power Authority approved a $325 million, three-year rate increase for PSEG Long Island after what State Assemblyman Fred … For the full-year, PSE&G Net Income … NEWARK, N.J., Aug. 3, 2021 /PRNewswire/ -- Public Service Enterprise Group (NYSE: PEG) reported a Net Loss for the second quarter of 2021 of $177 million, or $0.35 per share, PSEG Long Island, the subject of withering criticism and several state and local inquiries about its missteps during Tropical Storm Isaias, has not … PSEG DECLARES REGULAR QUARTERLY DIVIDEND FOR THIRD QUARTER OF 2021. PSEG Power reported Net Income of $170 million ( $0.34 per share) for the second quarter of 2020… The storm is … (MINEOLA, NY) August 10, 2020 - Nassau County Executive Curran turned up the heat on PSEG Long Island, calling on the public utility to reimburse residents and businesses that have endured unacceptable power outages lasting over 24 hours, as well as … Service Area 2 includes the Merrick and Sea Cliff districts, both located on Long Island. Welcome! Utility 2.0 Matter # 14-01299 . Tropical Storm Elsa continues across Long Island and the Rockaways bringing heavy rain and strong winds with the possibility of toppling large trees, branches and wires. National Grid upstate will also postpone its April 1, 2020 electric delivery rate increase of $89.6 million and its gas delivery rate increase of $21.5 million until July 1, 2020. My Account is currently unavailable. Its operating subsidiaries are: PSEG Power, Public Service Electric and Gas Company (PSE&G) and PSEG Long Island. 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