2,000 Megawatts of New Power Capacity Cleared To be Available in NJ Beginning 2015
The Christie administration's effort to spur the development of new power plants in New Jersey to drive down electric bills for consumers and businesses is moving forward. In an auction conducted by the regional operator of the nation's largest power grid, three separate natural gas-fired plants cleared. Competitive Power Venture's bid to build a 663-megawatt plant in Woodbridge and Hess Corp.'s proposed 625-megawatt plant in Newark both cleared the auction. In addition, LS Power, which is now building a 738-megawatt plant in West Deptford, also cleared. The auction was watched closely by the industry because of a much-contested effort by the state to incentivize new power plant development through the use of ratepayer subsidies, a strategy challenged in court by the industry. The amount of ratepayer subsidies is still unknown, but ultimately, that more generating capacity is to be built is good news for consumers and businesses in the State.
About The Law Office of Christopher D. Hopkins, LLC
The Law Office of Christopher D. Hopkins, LLC is a boutique law firm located in Scotch Plains, New Jersey committed to providing the highest quality of legal services in the select areas of real estate, land use and environmental law. The firm is committed to working collaboratively with clients to achieve practical, cost effective results- whether it be in complex litigation, transactions, cleanups and/or development projects. The firm provides transactional and litigation counsel to a broad spectrum of clients including private and public corporations, trade associations, nonprofit institutions, banks, real estate investment trusts and individuals in New Jersey, New York and Pennsylvania.
The Law Office of Christopher D. Hopkins, LLC
1812 Front Street
Scotch Plains, NJ 07076