Library from New Jersey

High court will decide state power plant subsidies row

“The New Jersey and Maryland programs tie guaranteed payments under state law to the wholesale rate under the PJM auction and to the generators’ participating in and clearing the PJM auction,” the brief stated. “State-selected generators can then bid into the auction market at a price that does not accurately reflect their costs, thereby disrupting the auction’s price signals that are designed to incentivize new generation.” ...The cases are Hughes et al. v. PPL EnergyPlus LLC et al., case number 14-614 and CPV Maryland LLC v. PPL EnergyPlus LLC et al., case number 14-623, in the Supreme Court of the United States.
19 Oct 2015

N.J. Dems pressing Christie to act on offshore wind farms as federal auction nears

BPU spokesman Greg Reinert said the agency is working with the federal Bureau of Ocean Energy Management and providing input on the lease sale. "This administration continues to support the development of sustainable, clean offshore wind energy production in a manner that is economically sound and that protects our ratepayers from exposure," Reinert said.
1 Oct 2015

N.J.’s push for offshore wind farms loses steam

In a bid to prod the BPU to act, the state Senate passed a bill that would force the agency to approve the Fisherman’s Energy pilot project and exempt it from the BPU’s cost-benefit analysis. But the bill has not moved in the Assembly, and Christie could always veto it. When Christie revamped the state’s energy master plan in 2011, he noted the exceptionally high cost of electricity in New Jersey and emphasized that any offshore wind project must clear a high hurdle — the developers must prove the project would provide more of an immediate economic benefit than a burden to the state’s ratepayers.
30 Aug 2015

BPU wants to know what public thinks of updated energy master plan for NJ

The hearings occur at a time when the Legislature is considering a bill that would dramatically ramp up the state’s reliance on renewable energy to meet its needs. If adopted, it would require 80 percent of the state’s electricity to come from renewable sources by 2050. The proposal is opposed by many business groups, who fear it would boost already high energy costs, since some of the programs are funded by surcharges on utility bills.
15 Jun 2015

Fishermen's Energy offshore windmill plan fails again

​Cape May-based Fishermen’s Energy on Friday lost another attempt seeking to build windmills three miles off the coast of Atlantic City. A state appeals court sided with the Board of Public Utility’s authority when it repeatedly rejected the offshore wind project on concerns it would be too costly for everyone who pays an electric bill.
29 May 2015

Bottom lines: Economic benefits for wind energy plan fall short

In the Fishermen’s Energy case, homeowners and businesses would be the ones subsidizing the wind farm, through state agreements to buy the power at rates substantially above the cost of electricity in the open market. Wind turbines are a mature technology deployed all over the world, including much at sea, so the “demonstration” aspect of the project is not to show they work but to show sufficient subsidies and political gain can be lined up to do a lot more windmill development off the East Coast.
7 Dec 2014

http://www.windaction.org/posts?location=New+Jersey&p=2
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