(Reuters) – Public Service Electric & Gas Co (PSE&G) on Thursday said the New Jersey Board of Public Utilities approved its request to provide customers with smart meters that will help the utility reduce its carbon emissions.
PSE&G plans to invest about $700 million over the next four years to provide its 2.3 million electric customers with smart meters.
Smart meters are expected to reduce PSE&G’s carbon dioxide emissions by nearly 2,800 metric tons per year by allowing customers to make more informed decisions about their energy usage.
The meters create an integrated, two-way communications network between electric customers and the utility, enabling automatic, near real-time meter reading. They also virtually eliminate the need for estimated utility bills.
(Reporting by Anjishnu Mondal in Bengaluru; Editing by David Gregorio)
