NJ Consumers Could See Small Hike in Electric Bills With Grid Upgrade
With many power plants being shut down because of tougher environmental regulations at the state and federal levels, the operator of the nation’s largest power grid is authorizing more than $2.4 billion in new transmission projects in the region, including many in New Jersey.
The retirement of the power plants is not unexpected, given the more stringent rules to control emissions from older, more polluting plants. Also contributing to the phase-out: historically low natural-gas prices, which have made it tougher for coal plants to compete with the cheaper fuel. (Johnson/NJSpotlight)