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South Field Energy Breaks Ground for 1,182-MW Power Plant

LCG, May 16, 2019--South Field Energy LLC announced yesterday its groundbreaking for an 1,182-MW, combined-cycle electric generating facility in Columbiana County, Ohio. The natural gas-fired facility is scheduled to commence operations in mid-2021 and represents a $1.3 billion investment.

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Exelon to Shut Down Three Mile Island by September 30, 2019

LCG, May 10, 2019--Exelon Generation announced Wednesday that Three Mile Island Generating Station Unit 1 (TMI) will shut down by September 30, 2019. The Nuclear Regulatory Commission (NRC) had approved back in 2009 a 20-year extension for the nuclear energy facility through 2034.

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Industry News

New Jersey Steps Forward to Add 1,100 MW of Offshore Wind

LCG, September 20, 2018--The New Jersey Board of Public Utilities (NJBPU) on Monday approved an order opening an application window for a record setting 1,100 MW of offshore wind capacity.

The New Jersey Governor has set a goal to install 3,500 MW of offshore wind capacity by 2030. The Governor has requested the NJBPU to pursue an additional 1,200 MW solicitation in 2020 and another 1,200 MW solicitation in 2022, which could lead to the Governor achieving his goal well before 2030.

The NJBPU intends to act on the applications by July 1, 2019, which the State believes should provide sufficient time for developers to qualify for federal investment tax credits (ITC) that expire at the end of next year. Qualifying for the credits could save New Jersey ratepayers approximately 12 percent of the total project cost.

The Governor has also signed an executive order directing the development of an updated Energy Master Plan (EMP) for the State to achieve a goal of 100 percent "clean energy" by 2050. The New Jersey Renewable Energy Standard includes a goal of 50 percent renewable energy by 2030.
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