NEWARK, NEW JERSEY - The Public Service Enterprise Group (PSEG) is focusing its investments on replacing aging infrastructure, and in clean energy, according to PSEG Chairman, President and CEO Ralph Izzo.

In the past, the company's investments mainly focused on transmission expansion and the construction of new generating units. Now its focus is shifting to replacing aging infrastructure and transitioning to cleaner energy, reports Daily Energy Insider.

The company's new program includes approximately $3.5 billion in investments, $2.5 billion of which will be spent on energy efficiency projects.

Source: Daily Energy Insider