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New Hampshire Governor Vetos Expansion of Net Metering Program

LCG, June 21, 2018--The Governor of New Hampshire vetoed Senate Bill 446 and Senate Bill 365 that were expected to cost electric ratepayers approximately $100 million over the next three years.

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Connecticut Selects Over 250 MW of Clean Energy Request Proposals

LCG, June 15, 2018--As part of the Department of Energy and Environmental Protection's (DEEP) recent Clean Energy Request for Proposals, the State of Connecticut has selected over 250 MW of clean and renewable energy projects. The largest projects utilize offshore wind and fuel cells.

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Industry News

PSE&G Reaches Preliminary Agreement with New Jersey BPU for Solar Investments

LCG, May 1, 2013--Public Service Electric & Gas (PSE&G) announced yesterday that it reached a preliminary agreement with New Jersey Board of Public Utilities (BPU) to invest up to $446 million in solar projects over three years.

The settlement for solar power investments requires full board approval, and a decision is expected by the end of May. The New Jersey Division of Rate Counsel stated it will oppose the agreement based upon its belief that there are inadequate safeguards to limit utility spending and that the 10-percent return PSE&G would receive is too high.

Under the agreement, PSE&G would spend $247 million on 42 MW of solar generating capacity located on brownfield sites (including landfills), plus 3 MW of smaller projects. In addition, PSE&G would invest up to $199 million on 97.5 MW of new solar generation via a loan system.

In addition to providing renewable power, the investment to develop solar power is also said to be a means to improve reliability in the wake of Hurricane Sandy.
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