New Jersey Unveils Rules to Rejoin Regional Carbon Market

The New Jersey Department of Environmental Protection proposed to set an initial carbon dioxide cap at 18 million tons in 2020 for the electricity generation sector when the state officially becomes a member of the Regional Greenhouse Gas Initiative, the nation’s first mandatory cap-and-trade program to reduce greenhouse gas emissions, according to a Dec. 17…

Dominion’s Millstone Nuclear Plant Wins Zero-Carbon Energy Contract in Connecticut

Democratic Governor Dannel Malloy on Dec. 28 announced the selection of two nuclear plants — Dominion Energy Inc.’s Millstone Power Station in Connecticut and NextEra Energy Inc.’s Seabrook Nuclear Power Station in New Hampshire — along with nine solar projects and one offshore wind project in the state’s solicitation for zero-carbon electricity. The procurements totaling nearly…

New Jersey Approves Funding Method for 3.5-Gigawatt Offshore Wind Program

The New Jersey Board of Public Utilities adopted a proposed rule establishing offshore wind renewable energy certificates or ORECs detailing a process to fund the state’s offshore wind program and flow back revenue to ratepayers, according to a Dec. 18 press release. The industry has gained momentum under Democratic Governor Phil Murphy who seeks to…