Public Service Electric & Gas

ABB Wins $40 Million GIS Order from PSE&G to Strengthen Grid Reliability

ABB won an order worth around $40 million in the United States, from Public Service Electric & Gas (PSE&G) to supply gas insulated switchgear (GIS) to two substations and help strengthen grid reliability. The order was booked in the third quarter of 2015. Hillsdale substation in Bergen County is a 50-year-old air-insulated switchgear (AIS) facility that will be upgraded to protect the infrastructure and prevent power outages for residents during severe weather.

ABB Wins Power Products Order worth Over $30 Million from PSE&G

ABB won an order worth over $30 million from Public Service Electric & Gas (PSE&G) to supply gas-insulated switchgear (GIS) for substations to boost the reliability of transmission infrastructure in New Jersey. ABB’s order includes design, supply and commissioning of ABB’s 550 kV GIS type ELK-3, a compact and modular solution. PSE&G is spending $4 billion between 2014 and 2016 to upgrade its electricity infrastructure to meet demand for electricity.

Transactions (November 2012)

Southern Company and Turner purchase SunEdison 30-MW PV plant; PSEG acquires 15-MW PV project from Juwi Solar; Duke issues $650 million in 30-year notes; PSE&G floats $350 million; Sempra and SoCal Gas each issue $350 million in bonds; plus bond issues from ONEOK, Regency Energy, ComEd, Tampa Electric, DTE, and Tucson Electric, totaling $4.8 billion.