Core Viewpoint - PSE&G is amending its proposal to the New Jersey Board of Public Utilities (BPU) to provide additional short-term assistance in response to rising electric supply costs, while also preparing for long-term solutions to address these challenges [1][2]. Short-term Solutions - PSE&G has filed with the BPU to approve a Temporary Supply Offset Clause (TSOC) that would provide a temporary credit starting July 1, 2025, to mitigate electric bill increases due to high capacity market prices [4]. - The company is proposing options for the TSOC, including a 100%, 50%, and 25% offsetting credit based on BPU guidance [4]. - PSE&G is also implementing an expansion of the Winter Termination Program to protect low-income individuals from utility shut-offs and suspending reconnection fees [7]. Long-term Solutions - PSE&G has highlighted the need for long-term solutions to address the supply and demand imbalance in the PJM region, advocating for policy and legal changes to encourage new generation development [5]. Customer Assistance Programs - PSE&G has been actively working with customers and community organizations to raise awareness about energy assistance options, resulting in approximately 226,000 customers receiving over $265 million in support last year [9]. - The company offers various bill payment tools, including an Equal Payment Plan that allows customers to levelize their monthly payments and Deferred Payment Arrangements for past-due balances [11]. Energy Efficiency Initiatives - PSE&G's energy efficiency programs have benefited over 415,000 customers, leading to nearly $640 million in annual savings through reduced energy consumption [8]. - The company continues to promote affordability and bill management programs through multiple communication channels, ensuring customers are informed about available assistance [12]. Company Background - PSE&G is New Jersey's oldest and largest gas and electric delivery utility, recognized for its reliability and customer satisfaction, having won the ReliabilityOne® Award for 23 consecutive years [13].