Public Service Enterprise Group Inc. (PSE&G) announced Monday that it submitted a proposal to spend $1.6 billion over the next five years to replace roughly 160 miles of cast iron and unprotected steel gas mains in New Jersey, and about 11,000 unprotected steel service lines to homes and businesses a year.
PSE&G is seeking funding of about $320 million a year for the planned project.
“While our cast iron and unprotected steel gas pipes represent less than 30 percent of our infrastructure, they account for 80 percent of distribution systems leaks each year, excluding third-party damages,” said Ralph LaRossa, PSE&G chief operating officer.