New governor=lower electric rates

After Tuesday’s elections, Public Service Enterprise Group CEO announced an intent to lower electric rates for people in New Jersey. 

Is there an impetus? Perhaps it is the incoming Governor’s statement that she will declare an emergency on utility rates. 

The CEO statement came during a earnings call, and included “We stand ready to work with the incoming administration to do our part to keep rates as low as possible in the short-term and work on longer-term solutions to add supply.”  

Utility Dive | PSEG could offer lower rates to New Jersey’s incoming governor: equity analysts