As regular readers of The Power Line know, NJ is fighting the PJM cartel’s efforts on behalf of out of state power generators by supporting the construction of new gas fired power plants in NJ. The Legislature and the NJ BPU are proposing rate payer support for investment in three new combined cycle plants with guaranteed power purchase agreements.
In a great post yesterday on Stop PATH WV, Keryn pointed to a new story out of NJ that prospects for gas fired generators are so good in NJ that an independent developer has started construction a large new plant without any help from NJ rate payers.
This new development by LS Power is a clear signal that new generation capacity on the East Coast will sweep the last remnants of Project Mountaineer off the PJM agenda. LS Power’s new plant will be able to produce 738 megawatts and will be ready by 2014. The plant will create 650 construction jobs over the next few years.
The Susquehanna-Roseland transmission project is already obsolete. As we have been saying for years, NJ needs new power plants, not new power lines.