Energy

NJBPU approves electricity auction results

According to the BPU, winning prices for each of the EDCs increased between 2.4 percent and 7.6 percent compared to 2018’s auction. Since these winning contracts will replace slightly more expensive ones from three years ago, however, the average basic generation service bill will remain relatively unchanged.

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Pioneer Power of Fort Lee sells subsidiary

On-site power generation equipment manufacturer Pioneer Power Solutions Inc. has completed the sale of its wholly owned subsidiary Pioneer Critical Power Inc. to microgrid company CleanSpark Inc. Announced Monday, PCPI’s sale was effective Jan. 22, and valued at approximately $4.4 million. Under the terms of the all equity transaction Pioneer said it received 1.75 million ...

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Matrix New World Engineering adds Lannon as vice president

The former deputy secretary for the environment under New York Gov. Andrew Cuomo has joined Matrix New World Engineering as vice president. In her role with the New York State Office of the Governor, Venetia Lannon oversaw all of the state’s environmental agencies, including the Department of Environmental Conservation, Office of Parks Recreation & Historic ...

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PSE&G offering assistance to furloughed federal workers

Public Service Electric and Gas Company is helping furloughed federal employees and other customers who are facing financial difficulty during the winter. PSE&G advises customers who are struggling to pay their bills to call customer service to discuss their situations. PSE&G is prepared to extend 60-day grace periods to customers seeking assistance who meet criteria, ...

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NJ American Water buys Mount Ephraim Sewer System for $1.4M

New Jersey American Water has signed an agreement to acquire the wastewater assets of the Borough of Mount Ephraim for approximately $1.4 million, adding about 1,800 customers to the water and wastewater utility company. The agreement follows a voter referendum that took place in November 2018, in which about 80 percent of voters approved the ...

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SJI appoints former Moeller Maersk exec as new senior VP, CFO

Energy services holding company, South Jersey Industries announced Cielo Hernandez joined the company in the role of senior vice president and chief financial officer, effective Jan. 14. According to a company press release, Hernandez will be responsible for maintaining the organization’s fiscal strength, enabling profitable operation through effective strategic planning and oversight of financial activities. ...

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American Water signs on for Princeton’s E-ffiliates Partnership

Princeton University’s E-ffiliates Partnership has added American Water to its list of company members, which already includes ExxonMobil, PSEG, Siemens and NRG. The Camden-based water and wastewater utility announced its participation Friday, which it says marks an expansion for the program into the water industry, including energy and water processes. “Together, our two organizations will ...

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