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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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