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July 22, 2024

Public Service Enterprise Group (PSEG)

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Utility CEOs Urge PJM Board to Act on Price Formation
Top utility executives urged PJM’s Board of Managers to act on price formation at its Feb. 12 meeting after stakeholders deadlocked on the issue last week.
PSEG, GridLiance Spar over Order 1000
The Energy Bar Association’s Mid-Year Energy Forum featured a debate over FERC Order 1000 and a discussion of return on equity incentive adders.
PSEG
PSEG Earnings, Combined Cycle Fleet Grow in Q2
Public Service Enterprise Group added two new combined cycle plants to its generating fleet as earnings rose in the second quarter.
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.
Little Time for Transmission Talk on the Hill
Votes on the House floor kept a House Energy Subcommittee hearing on transmission planning to about 90 minutes.
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.
PJM
PJM Stakeholders Clash Over “Heart” of Containment Provisions
Stakeholders plowed through several hours of material at a special PJM Planning Committee session on whether the RTO should include cost containment provisions in its analysis of competitive bids for new transmission.
PSEG to Pay $39.4M to Settle FERC Investigation
The energy trading arm of Public Service Enterprise Group (PSEG) agreed to pay $39.4 million to settle a FERC investigation into violations of PJM energy market bidding rules over 9 years.
BHI Energy
PJM: Won’t Abandon AI Project on Nuke Closure Threats
PJM won’t abandon the Artificial Island transmission project because of threats to close the two nuclear plants it’s intended to support, the RTO said.

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