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PSEG Long Island Is Prepared for Summer 2024

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PSEG Long Island, a subsidiary of Public Service Enterprise Group Inc. (NYSE:PEG), has announced its preparedness for Summer 2024, including hurricane season and peak demand periods. The company, which serves approximately 1.2 million customers, has focused on substation, transmission, and distribution improvements. Key initiatives include:

1. Completion of storm hardening work on over 1,000 miles of distribution mainline circuits since 2014.
2. Implementation of the Power On initiative, strengthening an additional 352 miles of circuits since 2020.
3. Achieving a 72% reduction in damage-related outages on storm-hardened sections from 2016 to 2023.

These efforts aim to enhance reliability and resilience of the electric grid, ensuring consistent power delivery during extreme weather conditions.

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  • Completed storm hardening work on over 1,000 miles of distribution mainline circuits since 2014
  • Implemented Power On initiative, strengthening an additional 352 miles of circuits since 2020
  • Achieved 72% reduction in damage-related outages on storm-hardened sections from 2016 to 2023
  • Continuous infrastructure improvements to enhance reliability and resilience

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  • None.

News Market Reaction 1 Alert

-2.25% News Effect

On the day this news was published, PEG declined 2.25%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

UNIONDALE, N.Y., July 25, 2024 /PRNewswire/ -- Summer has arrived, and PSEG Long Island is prepared for hurricane season and to meet peak demand during extreme heat situations in the coming months.

Experience the full interactive Multichannel News Release here: https://www.multivu.com/players/English/9270451-pseg-long-island-prepared-summer-2024/

"Providing reliable electric service to approximately 1.2 million customers is a long-term commitment, and our personnel work year-round to ensure the grid is ready for summer's extreme weather conditions," said Michael Sullivan, vice president of Electric Operations, PSEG Long Island. "The improvements we have made over the past decade continue to help us deliver consistent, resilient power to our customers, today and in the future."

Electric Infrastructure Improvements
Across Long Island and the Rockaways, PSEG Long Island has prepared the electric infrastructure by focusing on substation, and transmission and distribution improvements, as well as by performing circuit and equipment inspections using helicopters and infrared technology. 

Storm Hardening Programs
Since the implementation of the FEMA-funded storm-hardening program in 2014, PSEG Long Island has completed storm hardening and reliability work on more than 1,000 miles of distribution mainline circuits.

PSEG Long Island is proud to continue its storm hardening work with Power On, an initiative started in the spring of 2020 that will continue to improve reliability by strengthening distribution lines, targeting the most vulnerable circuits across Long Island and the Rockaways. Since the launch, an additional more than 352 miles of distribution mainline circuits have been storm hardened with stronger poles, thicker wire and other modern equipment.

These investments have strengthened the system so that fewer customers experience outages and, when they do occur, the duration is shorter, especially during extreme weather. Excluding catastrophic storms, the sections of circuits that PSEG Long Island has storm-hardened have seen a 72% reduction in damage leading to outages from 2016 through 2023, compared with the rest of the distribution system.

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

Storm Hardening Infographic

 

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Cision View original content:https://www.prnewswire.com/news-releases/pseg-long-island-is-prepared-for-summer-2024-302206810.html

SOURCE PSEG Long Island

FAQ

What preparations has PSEG Long Island made for Summer 2024?

PSEG Long Island has focused on substation, transmission, and distribution improvements, completed storm hardening work on over 1,000 miles of circuits, and implemented the Power On initiative to strengthen an additional 352 miles of circuits.

How many customers does PSEG Long Island serve?

PSEG Long Island provides electric service to approximately 1.2 million customers across Long Island and the Rockaways.

What is the impact of PSEG Long Island's storm hardening efforts?

The storm-hardened sections of circuits have seen a 72% reduction in damage leading to outages from 2016 through 2023, compared to the rest of the distribution system.

What is the Power On initiative by PSEG Long Island?

Power On is an initiative started in spring 2020 to improve reliability by strengthening distribution lines, targeting the most vulnerable circuits across Long Island and the Rockaways.
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