FERC denied a complaint from the New Jersey BPU to reallocate the Bergen-Linden Corridor project’s costs, leaving PSEG to pay for most of it.
Stakeholders plowed through several hours of material at a special PJM Planning Committee session on whether the RTO should include cost containment provisions in its analysis of competitive bids for new transmission.
PJM won’t abandon the Artificial Island transmission project because of threats to close the two nuclear plants it’s intended to support, the RTO said.
FERC said that a preliminary investigation indicates that PSEG committed multiple violations of PJM market-bidding rules and made “false and misleading statements” to RTO staff.
A Delaware demand-side group has asked the PJM Board of Managers to again suspend the Artificial Island transmission project.
PSEG CEO Ralph Izzo expressed confidence that the company’s five nuclear power plants will receive subsidies through New Jersey legislation.
Exelon and PSEG will have to wait until the next session of the New Jersey Legislature for a vote on a bill to provide payments to the state’s nuclear fleet.
Members of both houses of the New Jersey Legislature voted unanimously to advance a bill that would subsidize the state's nuclear plants.
PSEG and Exelon would receive hundreds of millions in subsidies under legislation introduced in the New Jersey Senate.
PSEG CEO Ralph Izzo asked New Jersey legislators to approve subsidies for the company’s three in-state nuclear power plants.