NEWARK, N.J., Feb. 3, 2016 /PRNewswire/ -- The Association of Energy Service Professionals (AESP) has named Public Service Electric and Gas Company's (PSE&G's) Residential Multifamily Housing Program as the winner of the 2016 Energy Award for Outstanding Achievement in Residential Program Design & Implementation. PSE&G accepted the award yesterday at AESP's 26th National Conference & Expo in Phoenix, AZ.
PSE&G's $74 million Residential Multifamily Housing Program funds the installation of energy efficiency measures for eligible multifamily facilities in the utility's New Jersey service territory. The program provides participants with construction funding upfront and building owners repay their share of the project cost over a number of years on their monthly PSE&G bill interest free. To date more than 250 buildings with more than 10,000 individual living units have participated in the program resulting in reduced energy use and utility cost savings, as well as improved resident safety and comfort.
"We've made a specific effort to target customer groups like multifamily buildings which tend to need energy efficiency improvements but lack the upfront capital to do the work," said Courtney McCormick, vice president - renewables and energy solutions for PSE&G. "We are honored that AESP has recognized our efforts to save energy by helping multifamily property owners make critical energy efficient improvements to their facilities while providing building residents with a safer, healthier environment."
Founded in 1989 as a not-for-profit association, AESP is a member-based association dedicated to improving the delivery and implementation of energy efficiency, energy management and distributed renewable resources. AESP provides professional development programs, a network of energy practitioners, and promotes the transfer of knowledge and experience.
Public Service Electric and Gas Company (PSE&G) is New Jersey's oldest and largest regulated gas and electric delivery utility, serving nearly three-quarters of the state's population. PSE&G is the winner of the Reliability One Award for superior electric system reliability. PSE&G is a subsidiary of Public Service Enterprise Group Incorporated (PSEG) (NYSE: PEG), a diversified energy company.
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SOURCE Public Service Electric and Gas Company (PSE&G)