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NJ Transit Must Face Suit Over Bus Accident On Snowy Road
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New Jersey lines up $400M sale with outlook boost
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President Joe Biden is expected to release an infrastructure plan this month that sounds ready-made for microgrids. His goal, he said, is to make infrastructure “more climate resilient” to achieve “cheaper and cleaner” transport.
Although microgrids seem like a perfect match for Biden’s plan, it’s uncertain how much they will play into it. Washington is well aware of solar, wind and energy storage, but microgrids, not so much. The technology, as used today, is still relatively new to the game. So microgrids don’t seem to be high on Biden’s radar. At least, he’s not using the term much, so far, when he talks about clean energy.
Dive Brief:
The Federal Transit Administration has struck a deal with the New Jersey Transit Corp. to fund the $1.9 billion Portal North Bridge project with a $766.5 million Capital Investment Grant. The balance of the money will come from the Federal Highway Administration ($57 million), New Jersey ($811 million) and Amtrak ($251 million).
New Jersey Transit will build a new two-track, fixed-span railroad bridge that will replace the existing 110-year-old swing-span bridge, which crosses the Hackensack River in New Jersey and is part of Amtrak s Northeast Corridor line that connects Boston to Washington, D.C., via rail. The project will also include almost 2.5 miles of related infrastructure.
Thursday, January 7, 2021
New Jersey’s highest court heard arguments Monday in the appeal of a ruling that the New Jersey Transit Corp.’s (“NJ Transit”) insurers are required to insure $400 million of water damage loss caused by Hurricane Sandy.
The matter stems from an insurance claim NJ Transit made after the super storm rocked the East Coast in 2012. NJ Transit claimed over $400 million in losses as a result of damage to its tracks, bridges, tunnels and power stations. In response, its tower of property insurers took the position that a $100 million flood sublimit applied to limit NJ Transit’s recovery under its insurance tower, not the policy’s $400 million overall limits.NJ Transit filed a coverage action in state court. The trial court granted summary judgment to NJ Transit, holding that NJ Transit was entitled to full coverage of $400 million under the tower’s named windstorm coverage. The insurers appealed, again arguing that the flood sublimit appli
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