PSE&G Announces Bill Credit to Be Included in February Bills

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^{Published in Business and Finance on Wednesday, January 18th 2012 at 11:16 GMT by Market Wire}  

PSE&G Announces Bill Credit to Be Included in February Bills -- NEWARK, N.J., Jan. 18, 2012 /PRNewswire/ --

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On top of 35 percent total savings since January 2009

NEWARK, N.J., Jan. 18, 2012 /PRNewswire/ -- PSE&G announced today that it is providing a bill credit to be included in February residential gas bills. The bill credit will be 15 cents per therm on all February usage. That means that a residential customer who uses 200 therms in the month of February will see a reduction of $30.00 included in their bill. Depending on meter reading dates, many customers will see some of the reduction in February and the rest in March.

This latest action by the utility is in addition to the eight decreases in a row for residential customers, for a total of more than $614, or 35 percent, in savings since January, 2009.

Lower market prices for gas, which are partially due to the availability of abundant and lower cost shale gas, are making it possible for PSE&G to pass these cost savings along to customers.

"The bill credit, in addition to other recent gas cost decreases passed through to customers in recent years, will provide a much needed positive impact for our customers in these challenging times," said Joseph A. Forline, PSE&G vice president for customer operations. The ability to offer a bill credit is the result of technology enhancements the utility has made to its customer system.

This bill credit comes as temperatures are dropping and customers try to keep their winter heating bills affordable. In addition to the bill credit, the utility offers suggestions for steps customers can take to reduce their costs even further.  

• Visit PSE&G's Home Energy Toolkit at [ www.pseg.com/toolkit ]. You can calculate the energy efficiency of your home and find out how to save energy and money on appliances and heating systems.
• Lower your thermostat by just one degree, which may reduce your heating bill by up to 3 percent. Save even more by lowering your thermostat 2 degrees during the day and 5 to 10 degrees at bedtime if health conditions permit. Clean or replace the furnace filter on hot air heating systems.
• If your budget permits, install (or have installed) a programmable thermostat that you can set to automatically lower room temperatures when rooms are not in use and also at bedtime if health conditions permit. 

Public Service Electric and Gas Company (PSE&G) is New Jersey's oldest and largest regulated gas and electric delivery utility, serving nearly three-quarters of the state's population.  PSE&G is the winner of the ReliabilityOne Award for superior electric system reliability.  PSE&G is a subsidiary of Public Service Enterprise Group Incorporated (PSEG) (NYSE: [ PEG ]), a diversified energy company ([ www.pseg.com ]).

Want to know what's new at PSEG? Go to [ www.pseg.com/getnews ] and sign up to have our press releases sent right to your inbox.

SOURCE Public Service Electric & Gas Company (PSE&G)

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