Dec 4 Public Service Enterprise Group Inc
, the biggest utility in New Jersey, whose infrastructure
was severely damaged by superstorm Sandy, said it expects
restoration costs of about $250 million to $300 million.
Towns along the New Jersey shore took much of the brunt of
Sandy, which barreled through the U.S. Northeast in late
October, flooding homes, washing away boardwalks and rupturing
gas mains as well as crippling power supplies.
PSEG suffered the worst outage in its history, leaving 1.7
million of its customers without power, after the storm damaged
transmission, distribution and generating systems and flooded a
large number of substations along the Passaic, Raritan and
The estimated cost includes expenses and capital related to
the restoration, and at least 85 percent of the costs are
expected to be deferred or capitalized for future distribution
or transmission recovery, PSEG said.