FERC ruled two merchant transmission operators in New Jersey are liable for cost allocations under PJM’s RTEP despite converting from firm to non-firm.

New Jersey officials have taken the first step in determining whether the state should remain in PJM’s regional capacity market or go in another direction.

New Jersey Gov. Phil Murphy said the state will procure the remainder of its 7,500-MW offshore wind goal in five solicitations through 2028.

PSEG CEO Ralph Izzo expressed skepticism that New Jersey utilities will abandon the PJM capacity market over the expanded minimum offer price rule.

New Jersey Gov. Phil Murphy outlined how the state will meet its goal of 100% “clean energy” and an 80% reduction in greenhouse gas by 2050.

A PJM official urged officials to embrace carbon pricing rather than exit the capacity market in response to FERC expanding the minimum offer price rule.

New Jersey doubled its offshore wind goal, committing to 7,500 MW of generation by 2035 in hopes of being the “nexus of the global offshore wind industry.”

PJM’s state advocates and regulators want the organization to focus on external candidates as it continues the search for a new CEO.

Orsted’s 1,100-MW Ocean Wind project won the New Jersey Board of Public Utilities’ first offshore wind power solicitation.

The New Jersey Board of Public Utilities approved zero-emission credits totaling $300 million for the Hope Creek and Salem nuclear plants.