new jersey
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News
CEOs Say Preserving the Nuclear Power Fleet Is Imperative
Several power-sector CEOs—appearing at the Bloomberg New Energy Finance (BNEF) Summit in New York this week—suggested that existing nuclear power plants should not be allowed to slowly vanish from the U.S. electricity grid under market pressure caused by cheap natural gas and the growth of renewable energy. The leaders submitted that nuclear power provides important […]
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News
States Take Lead with Plans for 100% Carbon-Free Energy
Minnesota and Wisconsin recently joined the list of states aiming for a 100% clean-energy future, while some Illinois lawmakers are pushing for not only carbon-free power, but also 100% renewable energy. Minnesota Gov. Tim Walz (D) was the latest to announce a set of policy proposals designed to lead his state’s electricity sector to 100% […]
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News
PSEG: Nuclear Plants Will Soon Close Without Subsidies
Public Service Enterprise Group (PSEG) has again told New Jersey officials it needs subsidies to continue operating its three nuclear power units in the state, reiterating that without financial help it will begin closing its Hope Creek Generating Station and Salem Nuclear Power Plant as early as 2022. The three reactors are the only remaining […]
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Press Releases
New Jersey BPU Approves Community Solar Pilot Program
Community solar will begin serving NJ renters, low-income families, businesses within two years January 17, 2019 (Trenton, N.J.) – Today the New Jersey Board of Public Utilities (BPU) approved rules for a new community solar pilot program that will give many renters, low-income families, businesses, and others an easy and affordable way to go solar […]
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Video
Oldest U.S. Nuclear Plant Shuts Down
The Oyster Creek Nuclear Generating Station in New Jersey, the oldest operating nuclear plant in the U.S., was shut down September 17. Workers marked the closure with a ceremony at the plant, as 400 current employees and former workers watched via a livestream as operators took the plant offline. Oyster Creek, a 625-MW single-reactor plant […]
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Commentary
Power Struggle: Cannabis Growers Face High Energy Costs in New Jersey
New Jersey is yet another state expanding public access to cannabis for medical purposes and is poised to legalize access for recreational use. This means energy service providers and public utilities will
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Legal & Regulatory
Exelon Cuts Jobs Ahead of Oyster Creek Closure
The first of about 400 workers remaining at the soon-to-close Oyster Creek Nuclear Generating Station in New Jersey will begin leaving their jobs over the next few weeks, according to a notice filed this month by Exelon Corp. with the state’s Department of Labor and Workforce Development. The Worker Adjustment and Retraining Notification (WARN) filing […]
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Renewables
New Jersey Nuclear and Renewable Energy Bills Signed by Governor
New Jersey Gov. Phil Murphy signed a few important energy bills on May 23 including one (S-2313) that establishes a zero emissions certificate (ZEC) program, which reportedly will provide the state’s nuclear power plants with $300 million a year in ratepayer subsidies. To qualify, the plants must demonstrate that they make a significant contribution to […]
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Nuclear
New Jersey Legislature Backs Nuclear Subsidies
New Jersey’s Assembly and Senate in separate actions on April 12 passed bills to ensure continued operation of PSEG’s Salem and Hope Creek nuclear power plants. Lawmakers also passed bills to modify the state’s renewable portfolio standards and for support of a pilot offshore wind farm. Legislation (S-2313/A-3724) directing the Board of Public Utilities (BPU) […]
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Renewables
New Jersey Lawmakers to Vote on Nuclear Subsidies, Renewables, Offshore Wind Bills
New Jersey’s Assembly and Senate are both poised to vote on controversial bills that seek to subsidize the state’s nuclear power plants, modify the renewables portfolio standard, and support a pilot offshore wind farm. Lawmakers on April 12 could pass the package of bills, which includes S-2313, a bill directing the Board of Public Utilities […]
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Legal & Regulatory
Proposed Power Plant Sparks Debate in New Jersey
Debate continues over a proposed $1.5 billion power plant that would be built in North Bergen, New Jersey, and would send electricity to New York City. The project includes a 1,200-MW combined cycle facility, along with a 6.5-mile 345-kV underground and submarine cable that would go through Bergen County, under the Hudson River, and connect […]
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Nuclear
Exelon Will Close Oyster Creek Nuclear Plant Earlier than Anticipated
Exelon Generation will shutter its Oyster Creek Generating Station in October 2018—more than a year before it is required to close the single-unit reactor as part of an agreement with the state of New Jersey. Exelon agreed in 2010 to close the unit by December 2019—10 years before its license to operate expires—after it decided […]
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Legal & Regulatory
PSEG’s Izzo Blasts Power Company Opposition to Revived New Jersey Nuclear Subsidy Bill
Public Service Enterprise Group (PSEG) President and CEO Ralph Izzo gave NRG Energy a tongue-lashing for its pointed opposition of subsidies for PSEG’s two New Jersey nuclear power plants. The tense moment at a January 25 legislative hearing that sought to revive the measure is illustrative of a growing chasm within the power sector about the […]
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Legal & Regulatory
Despite New Jersey Senate Vote on Nuclear Subsidies, Bill May Not Clear Lame-Duck Session
New Jersey’s full Senate is scheduled on January 4 to vote on a bill to subsidize two of the state’s nuclear power plants. However, industry observers posit that the measure won’t clear the full Assembly before the state legislature’s lame-duck session ends on January 9. S.3560 was introduced on December 14 after a preliminary hearing earlier […]
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Nuclear
New Jersey Considers Nuclear Subsidies for PSEG Plants
New Jersey lawmakers are exploring whether to legislatively prop up future operation of two nuclear power plants in the state, holding a hearing on December 4 in which key stakeholders sounded off on how nuclear subsidies could affect the environment, the economy, and the power market. The hearing, jointly held by the state Senate Environment […]
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Legal & Regulatory
Eastern States Expand Emission Cuts as Part of Cap-and-Trade
Nine states in New England and the Mid-Atlantic region have said they will cut emissions from power plants by 65% below 2020 levels by 2030, expanding a cap-and-trade program designed to reduce carbon output usually associated with power plants. States in the Regional Greenhouse Gas Initiative (RGGI) agreed to increase emissions cuts by an additional […]
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Renewables
New Jersey Backs Studies for Microgrid Projects
New Jersey officials this week said the state’s Board of Public Utilities is funding feasibility studies for a series of microgrids across the state that could provide needed power to municipalities at times of critical need, such as after a natural disaster. The board said the idea is designed to further the State Energy Master […]
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Coal
PSEG Will Retire Two New Jersey Coal Power Plants
Public Service Enterprise Group (PSEG) will close the 620-MW Hudson Generation Station in Jersey City, N.J., and the 632-MW Mercer Generation Station in Hamilton Township, N.J., on June 1, 2017. “The sustained low prices of natural gas have put economic pressure on these plants for some time. In that context, we could not justify the […]
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Legal & Regulatory
The Perils of Second-Guessing FERC
It’s axiomatic that state governments believe they can manage their own affairs better than the federal government. But our system reserves certain bailiwicks for federal oversight, and one of those is the
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Wind
Court Orders BPU to Reconsider Atlantic City Wind Farm Rejection
A New Jersey court has ordered the state’s Board of Public Utilities (BPU) to reconsider its rejection of a $188 million offshore wind farm that is planned along the Atlantic City coast. The Appellate Division of the Superior Court of New Jersey on Aug. 18 ruled in favor of Fishermen’s Energy when it gave the […]
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Legal & Regulatory
Federal Court Blocks New Jersey Plan to Subsidize New Plants
Following up on a similar decision in Maryland last month, a federal court threw out New Jersey’s attempt to spur construction of new power plants outside of PJM’s capacity auctions, saying that it was an unconstitutional state attempt to interfere with the wholesale power market. New Jersey’s Long-Term Capacity Pilot Project (LCAPP), enacted in 2011, […]