January 26, 2025

New Jersey

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PJM in Discussions with Gov. Shapiro on Capacity Price Cap
PJM is in discussions with Pennsylvania Gov. Josh Shapiro to work toward a resolution on his complaint to FERC asking it to lower the price cap of the RTO’s capacity market.
Shutterstock
Uncertainty Clouds NJ Clean Energy in 2025
New Jersey in 2025 faces the added uncertainty of a likely contentious governor’s race to replace clean energy champion Gov. Phil Murphy and his release of a new energy master plan.
Greenbacker Renewable Energy Company LLC
Developers Seek Deadline Extension in NJ Storage Plan
Solar developers are urging the New Jersey Board of Public Utilities to extend the completion timelines in the agency’s proposed storage development plan.
PJM
Consumer Advocates File Wide-ranging Complaint on PJM Capacity Market
Several state consumer advocates filed a complaint at FERC alleging PJM’s capacity market is failing to mitigate market power, overestimating future load and producing high clearing prices that generation owners cannot act on. 
EDP Renewables
NJ BPU Updates Proposal for Storage Incentives
New Jersey’s Board of Public Utilities released an update to its proposed Storage Incentive Program that changes how the subsidies for utility-scale projects are determined as the state shoots for 2,000 MW of total capacity by 2030.
Peretz Partensky, CC BY 2.0, via Wikimedia Commons
Data Center Opportunity is Strong, Expanding, PSEG CEO Says
On top of its 350 MW of current data center load, PSEG has received formal applications for nearly 400 MW of new data center load and inquiries on over 1,200 MW in data center feasibility studies in new business.
U.S. Energy Secretary Jennifer Granholm
Attentive Withdraws NY Offshore Wind Proposals
Barely three months after it was launched, New York’s fifth offshore wind solicitation has its first casualty.
The Brattle Group
Report Explores State Options for Short-term Transmission Planning
FERC Order 1920 eventually may provide a structure for long-term, interregional transmission planning, but its anticipated yearslong implementation could mean states will have to lead in planning nearer-term transmission needs, according to a report from the American Council on Renewable Energy and The Brattle Group.
Shutterstock
Electricity Bill Spikes Trigger NJ Legislative Analysis of Generation
An unprecedented heat wave that triggered a double-digit hike in residential use in New Jersey is being blamed for dramatic spikes in customer electricity rates over the summer.
New Jersey Board of Public Utilities
NJ Offshore Infrastructure Plans Spark Electromagnetic Fears
With data centers, electric vehicles and population growth, electricity demand in New Jersey could soar to 15,000 GWh in the coming years, state officials said at a public hearing on a new plan for connecting offshore wind projects to the grid.

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