Fox Business
Expand
Browse All Video
Watch Live

You're watching...

PSEG CEO: Recovery Slow and Painstaking Process

Details

  • Description

    PSEG CEO Ralph Izzo on the aftermath of Hurricane Sandy.

  • Duration 2:47
  • Date

Clips

Also in this playlist...

Latest Video

Auto-advance: ON

Auto-advance
View All

Transcript

This transcript is automatically generated

-- and more than one point two million customers.

Just for PSE -- G this is the largest utility oldest and largest gas and electric utility.

In New Jersey this is the largest storm in the company's history and joining us now on the phone is PSA GC EO.

Ralph is -- -- those numbers still.

Accurate Ralph first and foremost and what type of timetable are we look -- that to start restoring power.

Yes those numbers are still accurate.

And in terms of a timetable we're telling people it's going to take in excess of -- we -- I -- that's a bit -- but the reality is given the weather conditions we faced until early this morning.

We weren't able to get people out safely to do an assessment that's going on as which.

Week have you ever seen a storm like this and devastation like this before -- up.

Not even close.

It's not unusual to have a storm with a particular type of damage it -- -- Us -- maybe ice and snow or maybe wind.

It may be excessive rain.

But we got hammered in two ways here we has tests that one point 21 point three billion dollar customers that customers -- Europe.

Because of flooding and the other half -- due to win and so we have doubled our election that it it is.

You know the the Governor Cuomo in his briefing moments ago said that the president asked him what are your biggest issues and India -- talked.

About that on the phone the president but for you today terms of trying to get things back up and running what are the biggest obstacles you've been running into what are your biggest issue.

-- I wish it was a sophisticated technical -- and it's getting from point a to point B this is the slope -- -- process.

Trips that take five and ten minutes are taking an hour and a half in two hours.

Of course whenever you have more sure are on high voltage equipment safety years the number one concern some very careful.

Coordination to make sure that we understand what we are facing when we -- Some of these -- as we called sub stations.

It is also an issue that we're facing but but the short answer is just the fundamental logistics of getting one placed.

-- you have enough man power do you have people coming in from other states parents speak.

Yes at this point manpower is not the issue of and we we brought people and before the storm from.

Georgia Texas and Quebec and we we have -- -- -- fifty people alignment.

That we had in place ready to -- But until we get the assessments -- we won't know what about what you -- we have more than we need to -- really getting around to do that assessment right now.

-- as a PS EG the -- CEO trying to get New Jersey back up and.

How to speak up thank you Ralph and good luck good thanks very much again had never seen anything like -- more than one point million people just if that company without power.

Load More