/PRNewswire/ Public Service Enterprise Group (PSEG) announced today that David M. Daly, president of Public Service Electric & Gas (PSE&G), will retire at.
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New Jersey on Tuesday renewed subsidies of about $300 million a year for the stateâs three nuclear power reactors at Salem and Hope Creek, the source of 90% of the stateâs carbon-free electricity.
The New Jersey Board of Public Utilities approved the subsidies, called Zero Emission Certificates, for three years for the Hope Creek Generating Station and the twin-unit Salem Nuclear Power Plant, located in Lower Alloways Township on Delaware Bay. The giant reactors supply New Jersey with about 37.5% of its power, including about 90% of its electricity produced without greenhouse gas emissions.
The owners of the plants, Public Service Enterprise Group Inc. (PSEG) of New Jersey and Exelon Corp. of Illinois, had argued that without the subsidies, the plants would struggle to compete in markets where prices are set by low-cost natural gas power plants. The New Jersey Chamber of Commerce applauded Tuesdayâs unanimous vote, saying it kept New Jersey on track to meet ca
Tuesday, 11 May 2021 Public Service Enterprise Group Inc. (PSEG)t has entered into an agreement to sell its PSEG Solar Source LLC portfolio to Quattro Solar, LLC, an affiliate of LS Power. The sale includes the 467-megawatt-dc Solar Source portfolio of 25 solar facilities located in various states and related assets and liabilities. The sale of this non-core generation portfolio is part of PSEG’s Strategic Alternatives process to explore options for PSEG Power s non-nuclear generating fleet which, in addition to Solar Source, includes more than 6,750 megawatts of fossil generation. Courtesy of NREL
“This sale marks a key milestone in our Strategic Alternatives process as we continue our transformation into a primarily regulated utility. We also intend to continue our efforts to preserve our existing carbon-free nuclear fleet and to seek regional growth opportunities in offshore wind projects that fit with PSEG’s Powering Progress strategy,” PSEG Chairman, President a
May 10, 2021
When it comes to renewable energy ETFs, investors can choose from funds that offer broad exposure and those that focus on a specific industry. The latter group includes the
FAN tracks the ISE Clean Edge Global Wind Energy Index. The asset is relevant at a time when wind energy is one of the centerpieces of President Biden’s ambitious green energy agenda. The Biden administration wants to build 30 gigawatts (GW) of offshore wind projects by 2030.
“In online conferences over the past two weeks, offshore wind advocates, wary after years of mixed signals from the federal government, now see momentum gathering toward commercialization,” notes S&P Global Market Intelligence. “In addition to announcing the 30-GW goal, the Biden administration has also completed the environmental impact statement for the nation’s first major offshore wind proposal.”
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