NEW YORK (AP) -- Public Service Electric and Gas is estimating the cost of power restoration after Superstorm Sandy and a subsequent Nor'easter at between $250 million and $300 million.
PSE&G, New Jersey's largest utility, says the storm left 1.7 million of its electric customers without power during the course of the storm -- the most in the utility's history.
The storm also caused severe damage to its infrastructure. The Newark company, a unit of Public Service Enterprise Group, says its crews are still working to repair its system.
The utility says the estimate does not include the cost of beefing up its infrastructure to better protect it from future storms.
PSE&G continues to forecast operating earnings of $2.25 to $2.50 per share for the full year. FactSet says analysts expect $2.39.
Wednesday, June 19 2013 10:55 PM EDT2013-06-20 02:55:03 GMT
The actor James Gandolfini, best known for his award-winning portrayal of New Jersey mobster Tony Soprano in the HBO series "The Sopranos," has died in Italy. He was 51.
The actor James Gandolfini, best known for his award-winning portrayal of New Jersey mobster Tony Soprano in the HBO series "The Sopranos," has died in Italy. He was 51.
Wednesday, June 19 2013 6:13 PM EDT2013-06-19 22:13:15 GMT
More than 70 percent of New Jersey residents have seen or heard the state's "Stronger than the Storm" advertising campaign, according to a new Rutgers-Eagleton poll.
More than 70 percent of New Jersey residents have seen or heard the state's "Stronger than the Storm" advertising campaign, according to a new Rutgers-Eagleton poll.
Wednesday, June 19 2013 3:38 PM EDT2013-06-19 19:38:42 GMT
By MATT ALVAREZ NEW JERSEY (MYFOXNY) -- Nearly eight months later after Superstorm Sandy, many Jersey Shore families are still displaced from their homes. The storm destroyed Pam Vasquez's family home
By MATT ALVAREZ NEW JERSEY (MYFOXNY) -- Nearly eight months later after Superstorm Sandy, many Jersey Shore families are still displaced from their homes. The storm destroyed Pam Vasquez's family home
Wednesday, June 19 2013 1:46 PM EDT2013-06-19 17:46:33 GMT
June 19 is National Dine Out Day. Restaurants and vendors across the country are contributing a percentage of their revenues for the day to the NJ Relief Fund to benefit Superstorm Sandy victims.
June 19 is National Dine Out Day. Restaurants and vendors across the country are contributing a percentage of their revenues for the day to the NJ Relief Fund to benefit Superstorm Sandy victims.
Wednesday, June 19 2013 12:46 PM EDT2013-06-19 16:46:33 GMT
One bird may have been responsible for several hundred Hoboken residents losing power.
One bird may have been responsible for several hundred Hoboken residents losing power. A spokeswoman for Public Service Electric & Gas says the bird touched a transformer on Clinton Street near Columbus Park Wednesday morning.
Monday, June 17 2013 6:26 PM EDT2013-06-17 22:26:45 GMT
A man aboard a United Airlines flight bound for Newark Liberty International Airport claimed his fellow passengers on the plane had been poisoned and was screaming about going to die.
A man aboard a United Airlines flight bound for Newark Liberty International Airport claimed his fellow passengers on the plane had been poisoned and was screaming about going to die.
