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jpak

(41,742 posts)
Fri May 17, 2013, 10:59 AM May 2013

PSEG to spend $446M on N.J. solar-power projects

http://www.nj.com/business/index.ssf/2013/04/pseg_to_spend_446m_on_nj_solar.html

Public Service Enterprise Group Inc. reached an agreement with state regulatory staff to invest as much as $446 million to build solar-power projects in New Jersey.

The utility plans to spend $247 million on 42 megawatts of solar farms atop landfills and brownfields and another 3 megawatts of smaller projects through a program, Public Service said today in a statement. It also will invest as much as $199 million on 97.5 megawatts of new sun-powered systems through a separate program.

The investment will occur over three years, compared with an earlier five-year plan.

The proposal is subject to public comment and the New Jersey Board of Public Utilities is expected to issue a decision by May 31.

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