September 30, 2024

New Jersey

NJ BPU Conference Addresses FRR, Alternatives
The New Jersey BPU held a technical conference to consider whether it should remain in PJM’s capacity market or go on its own through the FRR alternative.
New Jersey BPU OKs 2nd Offshore Wind Solicitation
The New Jersey BPU voted to seek 1,200 to 2,400 MW in its 2nd solicitation for offshore wind, continuing efforts to achieve 7,500 MW by 2035.
NJ Senate Exploring Exit from PJM
New Jersey legislators are considering a bill that would require the BPU to study the implications of withdrawing from PJM and going it alone or joining NYISO.
PSEG Seeking to Sell Fossil, Solar Generation
PSEG is putting its solar and fossil fuel generation on the block as it seeks to transform into a primarily regulated electric and gas utility.
NJ Releases Draft Offshore Wind Plan
New Jersey has released a plan detailing how it will procure 7,500 MW in offshore wind resources as part of its goal to reach 100% clean energy by 2050.
Court Sides with NY on EPA ‘Good Neighbor’ Finding
The D.C. Circuit Court of Appeals ordered the EPA to reopen a petition filed by New York, New Jersey and New York City into air pollution coming from upwind states.
NJ Regulators Weighing Input on Capacity Market Exit
The New Jersey BPU received dozens of comments on how it should respond to PJM's expanded MOPR. State regulators initiated the investigation to determine if staying in the capacity market will increase consumer costs or impede the state's goals of 100% clean energy sources by 2050.
Report: Imports Key to Successful FRR
Analyses that predict increased costs for regions that exit PJM’s capacity market should be redone to presume maximizing imports to counter local market power.
PJM Monitor Finds Capacity Exit Costly for NJ
PJM’s Monitor released a report concluding that New Jersey ratepayers would likely see costs increase if the state left the RTO’s capacity market.
PJM Monitor Defends FRR Analyses in MOPR Debate
PJM’s Monitor defended a conclusion that ratepayers are likely to see cost increases in jurisdictions that exit the capacity market and adopt the FRR option.

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