Wouldn't it be nice to see a very clear P&L on this investment by PSE&G? I am all for the investment in "green" and renewable energy, but it's not clear to me how the investment dollars net against the chargebacks, energy revenues and various tax credits....
New Jersey Utility Plans Major Solar Project - NYTimes.com:
"The utility expects to spend $773 million on the project, which it said would generate 120 megawatts of electricity, one-third of which should come from the panels on utility poles. That amounts to barely 1 percent of the power consumed in the state, but is about 7 percent of the state’s goal of power generated from renewable energy sources by 2020."
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"The project would add about 10 cents to each customer’s monthly bill in the first year and as much as 35 cents in subsequent years."
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"In addition to raising money by selling the panels’ electricity, P.S.E. & G. also expects to receive a federal tax credit and income from selling the state renewable energy credits that accrue when solar energy is produced."
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"The bulk of the money for the project, however, would come from new bonds and equity from Public Service Enterprise."
