PSEG Seeks to Invest up to $883 Million in New Jersey Solar

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A unit of New Jersey power company Public Service Enterprise Group Inc said on Tuesday it would ask the state's regulators for approval to invest up to $883 million for an expansion of the utility's solar power programs.

The additional funds will allow the solar programs to develop an extra 233 megawatts (MW) of solar capacity, the company said in a release.

"When added to the company's existing $700 million commitment to solar energy, (PSEG) will have added about 395 MW of solar capacity in (New Jersey)," Caroline Dorsa, PSEG executive vice president and chief financial officer, said on the company's second-quarter earnings call.

Read the full story from Reuters

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