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Your NJ Electric Bills May Go Up, If Gov. Phil Murphy Says Yes

By: Tom Davis | New Jersey residents who already pay hundreds of dollars each month for electric service may have to dig more out of their pockets very soon. That’s because more than a million ratepayers may have to fork over more money if the state Legislature passes what some are calling a $300-million-a-year “bailout” … Read more

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 … Read more

NJ: Customers will see lower electric bills

By: David P. Willis | Just in time for summer, New Jersey residents’ electric bills will drop in June. The state Board of Public Utilities on Thursday approved the results of the state’s annual electricity auction. It sets the wholesale electricity prices that the state’s electric utilities will pay and pass through to all New … Read more

PSEG seeks rate increase, nuclear subsidy despite federal tax windfall

By: James Nash | Public Service Electric & Gas Co. is seeking a 1 percent increase in utility rates for its 2 million customers in New Jersey, despite a cut in corporate income taxes that could yield its parent company as much as $850 million. Newark-based PSE&G estimated that the rate increase, its first in … Read more

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 the … Read more

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 Jersey … Read more

New PSEG plant promises more reliable energy

By: Leah Mishkin | Kevin Reimer, director of project for PSEG, toured the new power plant at the Sewaren Generating Station in Woodbridge, New Jersey. “The ones being retired were in service for 70 years. This is a state-of-the-art dual fuel unit that will be efficient, has a great environmental footprint and put 550 New … Read more