PSEG Chairman Calls for Action on Climate Bill

Ralph Izzo, president, CEO and chairman of the New Jersey utility PSEG, called for action on climate change legislation that includes a renewable portfolio standard (RPS) this week at a “Climate Week NYC” kickoff event in Manhattan. Speaking before an audience of business leaders and institutional investors, Izzo highlighted the need for public policies that would give businesses the economic foundation and certainty they need to invest in a clean energy future. He also announced plans to reduce PSEG’s carbon footprint 25 percent by the year 2025.

“Combating climate change is an extraordinary challenge, an issue of unprecedented scale and scope,” Izzo said. “It must be addressed with a corresponding degree of leadership, cooperation and investment.”

Izzo also announced plans to reduce PSEG’s 2005 carbon footprint 25 percent by the year 2025. The company will invest more than $130 million each year for the next 15 years to reduce emissions. He called the goal “aggressive but achievable,” and said that with the right public policies, PSEG might surpass the target, investing millions more in renewable energy and its nuclear facilities.

Last year, PSEG was the recipient of a SEPA Award for the utility’s solar program. Play the video below to hear more about that program.

 

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