Friday, July 6, 2007

CORRECTED - UPDATE 1-PSEG supports NJ carbon law, sees higher prices

(Reuters) - EAST RUTHERFORD, New Jersey, July 6 - Public
Service Enterprise Group, owner of New Jersey's largest
utility, said on Friday it supports a new state law to cut
carbon emissions and believes customers are willing to pay
higher power prices to combat global warming.




PSEG Chief Executive Ralph Izzo said the utility plans to
ask state regulators later this year to approve measures to
allow it to pass on to customers the costs of the new programs
it hopes to implement to meet the state's environmental goals.


Read more at Reuters.com Government Filings News

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