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July 6, 2024

New Jersey Board of Public Utilities (NJ BPU)

Orsted Wins Record Offshore Wind Bid in NJ
Orsted’s 1,100-MW Ocean Wind project won the New Jersey Board of Public Utilities’ first offshore wind power solicitation.
NJ Approves $300M ZECs for Salem, Hope Creek Nukes
The New Jersey Board of Public Utilities approved zero-emission credits totaling $300 million for the Hope Creek and Salem nuclear plants.
NJ Regulator Threatens to Exit PJM Amid States’ Complaints
New Jersey Board of Public Utilities President Joe Fiordaliso is so exasperated by PJM that he’s considering pulling the state from the RTO.
PJM
PSE&G on the Hook for Bergen-Linden Costs
FERC denied a complaint from the New Jersey BPU to reallocate the Bergen-Linden Corridor project’s costs, leaving PSEG to pay for most of it.
Gov. Signs NJ Nuke Subsidy, Renewables Bills
New Jersey Gov. Phil Murphy signed legislation to subsidize the state’s nuclear generating fleet and boost renewable generation including solar, storage and offshore wind.
Izzo: Nukes Outside NJ Likely Eligible for State ZECs
A recently passed New Jersey law could lead to the state subsidizing nuclear plants outside its borders, Public Service Enterprise Group (PSEG) CEO Ralph Izzo said during his company’s first-quarter (Q1 2018) earnings call Monday.
NJ Lawmakers Pass Nuke Subsidies, Boosted RPS
The New Jersey Legislature passed abill that would create a zero-emission certificate (ZEC) subsidy for nuclear power plants.
PJM
Rejecting PJM ‘Wheel’-related Requests, FERC Sets Inquiry
FERC rejected a request by PJM to allow Linden VFT to convert the 330 MW of firm transmission on its lines between PJM and NYISO to non-firm.
PSEG Sees Support for Nuclear, to Seek Revenue Decoupling
PSEG CEO Ralph Izzo said that the company has received “just about universal support for the continued operation” of its nuclear plants.
DC Circuit Rejects Challenge to PJM CP Rules
The DC Circuit Court of Appeals denied eight challenges to PJM’s Capacity Performance rules, potentially cementing changes to the RTO's capacity market.

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