PSEG(US:PEG) Prnewswire·2024-07-09 11:30Core Insights - PSE&G's Clean Energy Future Energy Efficiency initiatives are projected to save over 2.1 million megawatt-hours of electricity annually, enough to power over 312,000 homes in New Jersey [1] - The initiatives are expected to save approximately 57 million therms of natural gas annually and avoid about 1.6 million metric tons of carbon dioxide emissions, equivalent to the emissions from 349,000 gasoline-powered cars [1] - The company has successfully placed over 2,500 residents in clean energy jobs through its Clean Energy Jobs Program, contributing to local job growth and clean energy objectives [2] Energy Efficiency Programs - PSE&G's Small Business Direct Install Program has provided approximately $12 million in utility bill savings for participating business customers and is projected to save 52 thousand megawatt-hours of electricity annually [4][8] - The program is also expected to save an estimated 2.4 million therms of natural gas and avoid about 44 thousand metric tons of carbon dioxide emissions each year [8] - The company has provided over 97,000 retail appliance rebates, contributing to reduced energy consumption and greenhouse gas emissions [13] Recognition and Awards - PSE&G has received over 50 awards for its energy efficiency programs since 2021, including the 2024 ENERGY STAR® Partner of the Year Award for Sustained Excellence [12] - The company has been recognized for its customer satisfaction, ranking number one in the east among large utilities for residential and business electric service according to J.D. Power [5] Customer Impact - Participating customers are projected to save a collective $484 million annually on their utility bills through various program initiatives, including home energy assessments and the sale of smart thermostats [13] - A business customer reported saving $10,000 in installation and maintenance costs through the Direct Install program, resulting in annual savings of over $1,600 [14]