Energy News for the New Jersey Market

Why the Northeast could soon rival California on energy storage

By: Elizabeth McGowan |

Experts say a recent FERC decision and falling prices are creating an opportunity for Northeast states to aggressively adopt energy storage.

While California and other solar-heavy states are leading on energy storage targets, experts say New York, New Jersey, Massachusetts and Maryland could quickly close the gap, with political support.

“Legislators […]

PSE&G GETS GREEN LIGHT FROM PJM FOR 3 NEW TRANSMISSION PROJECTS

By: Tom Johnson |

Public Service Electric & Gas yesterday got the go-ahead for three transmission projects totaling more than $200 million in new investments.

The projects were part of $1 billion worth of transmission-related upgrades approved by PJM Interconnection, which oversees the nation’s largest power grid serving more than 65 million people from […]

2017-10-19T09:06:43-05:00October 19th, 2017|New Jersey Market|

Con Edison makes investment in clean energy

By: Dave Kovaleski |

New York-based energy company Consolidated Edison will continue to expand its footprint in clean energy, with plans to invest $1.25 billion in renewable energy production facilities over the next three years.

The company – which provides energy for New York City, Westchester, Orange, and Rockland Counties, as well as Northern New […]

2017-09-29T08:36:10-05:00September 29th, 2017|New Jersey Market, New York Market|

PSEG Warns Shutting Down Nuclear Units Could Drive Up Power Prices

By: Tom Johnson |

Company head continues to sound drumbeat for nuclear subsidies, even though plants will remain profitable through 2019

The closing of nuclear power plants serving New Jersey could lead to higher electricity prices for consumers, according to Ralph Izzo, chairman, CEO, and president of Public Service Enterprise Group, the owner […]

2017-05-01T07:43:13-05:00May 1st, 2017|New Jersey Market|

Electric Capacity Markets Are Failing the Northeast

By: Bill Bottiggi |

This week, Boston welcomes the Quadrennial Energy Review roadshow to town for a stakeholder engagement meeting.

The QER process began in January 2014 when President Obama issued a memorandum directing the administration to translate energy-related policy goals into recommended actions through 2018. Season one of the QER, which ran in 2015, […]