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By Rich Heidorn Jr. NEW YORK — Looking for a place to assemble offshore wind farms on the East Coast? New York officials say their 63 acres at the South Brooklyn Marine Terminal could be just the place. For about $300 million, a report for the New York State Energy...
By Rory D. Sweeney TEANECK, N.J. — Joe Fiordaliso, president of New Jersey’s Board of Public Utilities, is not alone in his concerns about the state’s perceived lack of influence at PJM. In July, Fiordaliso expressed concerns to RTO Insider that he said were making him consider having the state...
By Rory D. Sweeney HERSHEY, Pa. — New Jersey Board of Public Utilities President Joe Fiordaliso is so exasperated by PJM that he’s considering pulling the state from the RTO. And New Jersey is not alone in its frustrations, regulators said at the Mid-Atlantic Conference of Regulatory Utilities Commissioners annual...
By Rich Heidorn Jr. New Jersey Gov. Phil Murphy (D) on Wednesday signed legislation to subsidize the state’s nuclear generating fleet, raise its renewable generation targets, boost storage and offshore wind, and revamp its solar program. In a press conference staged in front of solar panels in South Brunswick, N.J.,...
By Peter Key A recently passed New Jersey law could lead to the state subsidizing nuclear plants outside its borders, Public Service Enterprise Group (PSEG) CEO Ralph Izzo said during his company’s first-quarter earnings call Monday. “The bill simply says that New Jersey wants 40% of its power supplied by...
By Peter Key New Jersey lawmakers on Thursday passed a pair of bills that could significantly shape the state’s generation portfolio over the next decade. One bill would provide two Public Service Enterprise Group nuclear power plants with subsidies costing ratepayers about $300 million per year. The other would require...
By Rory D. Sweeney Could PJM’s Artificial Island project get any more complicated? Apparently, yes. A Delaware demand-side group has asked the PJM Board of Managers to again suspend the project because of announcements from Exelon and Public Service Enterprise Group that that they will cancel future capital investments at...
By Michael Brooks New Jersey lawmakers on Thursday once again voted to advance legislation out of committee that would provide subsidies to the state’s nuclear fleet. A previous effort foundered earlier this year when a key lawmaker declined to post a similar bailout bill for a vote before the close...
By Peter Key and Rory D. Sweeney Public Service Enterprise Group CEO Ralph Izzo expressed confidence Friday that his company’s five nuclear units will receive the price supports he contends they need to keep them running. Speaking during PSEG’s fourth-quarter earnings call, Izzo said he was pleased with the progress...