PSEG Long Island Set New Record for Spending with Diverse Suppliers in 2018
Annual Supplier Diversity Fair brings together hundreds of minority-, women-and service-disabled veteran-owned businesses
(Uniondale, NY – May 8, 2019) — PSEG Long Island today hosted its annual Supplier Diversity Procurement Fair at the Long Island Marriott in Uniondale, bringing together representatives of Long Island’s diverse business community. The event offers small, diverse businesses an opportunity to meet with prospective buyers and PSEG Long Island decision-makers to discuss their products and services.
“PSEG Long Island is committed to diversity and inclusion throughout the company, including the procurement of suppliers,” said Dan Eichhorn, President and COO, PSEG Long Island. “As a good corporate citizen and neighbor, we believe there’s a moral and ethical imperative to procure products and services through from a diverse group of suppliers. We’ve also found that this is a smart decision for our business..”
PSEG Long Island spent more than $52 million on business with diverse suppliers in 2018, which is more than 54 percent of its eligible spend and a 8 percent increase over 2017. The utility increased investments to make the electrical infrastructure on Long Island and in the Rockaways more reliable and resilient in 2018, and helped create Long Island jobs, since more than $12 million was spent with Long Island-based minority and women owned business enterprises (MWBE).
PSEG Long Island presented diversity awards at the event, recognizing one supplier who shares the utility’s commitment to utilizing diverse subcontractors, and another who has demonstrated excellence in its relationship with PSEG Long Island:
Pontoon received the 2018 Prime Supplier Diversity Utilization Award
IPC Contracting Corp. received the 2018 Diverse Supplier Excellence Award
The annual Supplier Diversity Fair serves as an important opportunity for PSEG Long Island to connect with the local business community and form new relationships, while building on a robust list of diverse suppliers.
More than 40 exhibitors and more than 300 suppliers attended today’s fair and participated in the workshops and networking sessions.
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PSEG Long Island
PSEG Long Island operates the Long Island Power Authority’s transmission and distribution system under a long-term contract. PSEG Long Island is a subsidiary of Public Service Enterprise Group Inc. (PSEG) (NYSE:PEG), a publicly traded diversified energy company.