New Jersey's Assembly Telecommunications and Utilities Committee meeting on October 2, 2024, highlighted significant advancements in the state's energy sector, focusing on economic development, job creation, and infrastructure improvements.

Public Service Electric and Gas (PSE&G) reported a substantial investment of $2.6 billion in New Jersey in 2023, which included $1.1 billion dedicated to diversity spending. This investment has been pivotal in creating over 2,500 clean energy jobs, particularly in underserved communities. PSE&G emphasized its commitment to providing safe, reliable, and affordable services while maintaining transparency in utility processes. The company has consistently ranked in the top quartile for customer satisfaction and reliability, receiving accolades for its service quality, including a 22-year streak of reliability awards.

Joseph Jackley, president of the International Brotherhood of Electrical Workers Local 94, underscored the importance of PSE&G's infrastructure investments, which have modernized the state's electric system since Superstorm Sandy. These upgrades not only enhance service reliability but also contribute to reducing carbon emissions and creating middle-class jobs.

Michelle O'Connell, president and CEO of Rockland Electric Company, also addressed the committee, noting that her company serves approximately 75,000 customers and supports over 3,500 jobs. Rockland Electric has invested $16 million in contracts with small and minority-owned businesses, contributing significantly to local economies.

The discussions at the meeting reflect a strong commitment from New Jersey's utility companies to bolster economic growth while ensuring energy reliability and sustainability. As these initiatives progress, they promise to enhance the quality of life for residents and strengthen the state's economic landscape.