PSE&G urges gas industry involvement
Lawrence R. Codey, Public Service Electric and Gas Co. (PSE&G) president, urged the natural gas industry to help protect the environment and preserve its share of the electric generating market by getting involved in the national debate over electric industry restructuring. Codey`s comments came at the recent Association of Gas Distributors (AGD) 1997 Energy Policy Forum.
Codey said restructuring of the electric industry without imposition of standards to ensure environmental equity will result in increased electric generation by cheap coal-fired plants that are not constrained by environmental controls. A competitive market, he said, in which price is the only signal will provide new opportunities for underutilized–even moth-balled coal plants–displacing natural gas-fired generation and seriously compromising the ability of the Northeast to comply with federal clean air standards.