STOCK TITAN

Notifications

Limited Time Offer! Get Platinum at the Gold price until January 31, 2026!

Sign up now and unlock all premium features at an incredible discount.

Read more on the Pricing page

Climate Week 2024: PSEG Long Island Announces Climate Change Resilience Plan

Rhea-AI Impact
(No impact)
Rhea-AI Sentiment
(Neutral)
Tags

PSEG Long Island and the Long Island Power Authority (LIPA) have unveiled a Climate Change Resilience Plan (CCRP) during Climate Week 2024. This proactive plan addresses projected weather pattern changes over the coming decades. David Lyons, PSEG Long Island's interim president and COO, highlighted the company's decade-long efforts to improve reliability and resilience since 2014.

The CCRP focuses on strengthening physical assets such as poles, transformers, switches, and lines against extreme weather. It builds upon existing adaptation measures and addresses gaps identified through the Climate Change Vulnerability Study (CCVS). The plan also includes adaptations for planning, design, and operations practices.

PSEG Long Island operates the Long Island Power Authority's transmission and distribution system under a long-term contract. As a subsidiary of Public Service Enterprise Group Inc. (NYSE:PEG), PSEG Long Island continues its commitment to combating the effects of climate change and protecting local communities.

Loading...
Loading translation...

Positive

  • None.

Negative

  • None.

News Market Reaction 1 Alert

-0.93% News Effect

On the day this news was published, PEG declined 0.93%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

A decade of planning and strengthening the grid has increased reliability and resilience

UNIONDALE, N.Y., Sept. 26, 2024 /PRNewswire/ -- Coinciding with Climate Week 2024, PSEG Long Island and the Long Island Power Authority (LIPA) have partnered to publish a proactive Climate Change Resilience Plan (CCRP) to address changes in weather patterns projected over the coming decades. To review the full Climate Change Resilience Plan, click here.

Experience the full interactive Multichannel News Release here: https://www2.multivu.com/pseg-long-island/9270452-en-pseg-long-island-climate-change-resilience-plan-climate-week-2024

Climate Week 2024: PSEG Long Island Announces Climate Change Resilience Plan

"From the day we started in 2014, PSEG Long Island has been making the improvements necessary to reduce and shorten outages when they do occur," said David Lyons, PSEG Long Island's interim president and COO. "We have already made great strides in reliability and resilience, and our new Climate Change Resiliency Plan is a road map that will keep addressing new risks that may be posed by climate change in the decades ahead."

"When you understand the science and the forecasts, you understand how important it is to have proper plans in place to protect our electrical infrastructure," said John Rhodes, acting chief executive officer of LIPA. "Our focus remains steady – combatting the effects of climate change to protect our local communities. I want to thank both our staff at LIPA and our partners at PSEG Long Island for their work on this plan."

PSEG Long Island has spent a decade strengthening the grid against extreme weather. For more, visit psegliny.com/inthecommunity/currentinitiatives/stormhardeningprojects.

Physical assets, such as poles, transformers, switches and lines, are a large focus of the CCRP. PSEG Long Island consulted the Climate Change Vulnerability Study (CCVS) and then identified existing adaptation measures it could expand upon and any gaps it would address with new measures. PSEG Long Island has also developed adaptation measures for existing planning, design and operations practices.

PSEG Long Island
PSEG Long Island operates the Long Island Power Authority's transmission and distribution system under a long-term contract.  PSEG Long Island is a subsidiary of Public Service Enterprise Group Inc. (PSEG) (NYSE:PEG), a publicly traded diversified energy company.

Visit PSEG Long Island at:
psegliny.com
PSEG Long Island on Facebook
PSEG Long Island on Instagram
PSEG Long Island on X (formerly Twitter)
PSEG Long Island on LinkedIn
PSEG Long Island on YouTube
PSEG Long Island on Flickr

Contact: Media Relations Pager 
516.229.7248
mediarelationsLI@pseg.com

PSEG Long Island Storm Hardening Improvement Infographic

 

Cision View original content:https://www.prnewswire.com/news-releases/climate-week-2024-pseg-long-island-announces-climate-change-resilience-plan-302260344.html

SOURCE PSEG Long Island

FAQ

What is PSEG Long Island's Climate Change Resilience Plan (CCRP)?

PSEG Long Island's Climate Change Resilience Plan (CCRP) is a proactive strategy unveiled during Climate Week 2024 to address projected weather pattern changes over the coming decades. It focuses on strengthening physical assets and adapting planning, design, and operations practices to improve grid resilience against extreme weather.

How long has PSEG Long Island been working on improving grid reliability?

PSEG Long Island has been working on improving grid reliability and resilience for a decade, since it started operations in 2014. The company has been making continuous improvements to reduce and shorten outages when they occur.

What specific assets does the CCRP focus on strengthening?

The Climate Change Resilience Plan (CCRP) focuses on strengthening physical assets such as poles, transformers, switches, and power lines to improve their resilience against extreme weather conditions.

How did PSEG Long Island develop its Climate Change Resilience Plan?

PSEG Long Island developed its Climate Change Resilience Plan by consulting the Climate Change Vulnerability Study (CCVS), identifying existing adaptation measures to expand upon, and addressing gaps with new measures. The plan also includes adaptations for existing planning, design, and operations practices.

What is the relationship between PSEG Long Island and LIPA?

PSEG Long Island operates the Long Island Power Authority's (LIPA) transmission and distribution system under a long-term contract. PSEG Long Island is a subsidiary of Public Service Enterprise Group Inc. (NYSE:PEG).
Publ Svc Enter

NYSE:PEG

PEG Rankings

PEG Latest News

PEG Latest SEC Filings

PEG Stock Data

39.31B
498.48M
0.12%
76.93%
1.61%
Utilities - Regulated Electric
Electric & Other Services Combined
Link
United States
NEWARK