CAMDEN, N.J. (AP) — Public Service Electric and Gas is planning to spend $55 million in accelerated utility upgrades in Camden.

Executives and city leaders will detail plans on Monday.

READ MORE: Commuters Make Backup Plans Ahead Of SEPTA Strike Vote

PSE&G says the upgrades will support an influx of new businesses.

READ MORE: Philadelphia Participates In National Prescription Drug Take Back Day

The infrastructure improvements are part of PSE&G’s plan to provide electric and gas service for an initial group of 30 new companies and organizations that include a major auto manufacturer, a diversified energy technology company, a professional sports franchise and others.

MORE NEWS: 52-Year-Old Shot To Death In Chester, Police Say

(Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)