Board of Public Utilities OKs 3 awards for electric generating stations

TRENTON – The New Jersey Board of Public Utilities Tuesday  approved three awards to build new mid-merit electric generation facilities: in Newark, Old Bridge, and Woodbridge.

The purpose is to improve reliability of the electric grid within New Jersey, BPU said in a release, while carrying economic and environmental benefits, including a savings of approximately $1.8 billion for residents.

The three generation projects were recommended by the Long-Term Capacity Agreement Pilot Program Agent Levitan & Associates, Inc.  The three generation projects are estimated to provide a total amount of capacity, of 1,948.5 megawatts.

On Jan. 28, Gov. Chris Christie signed into law a measure to promote the construction of generation facilities to improve the reliability of the PJM Grid within New Jersey.

Earlier coverage:

http://www.politickernj.com/46028/power-play-backfires-sweeney

Board of Public Utilities OKs 3 awards for electric generating stations