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.