Energy

Utilities defend 1B Susquehanna-Roseland route

The two utilities hoping to replace an 85-year-old transmission line that runs from northeastern Pennsylvania to Roseland defended their proposed route Tuesday in comments filed with the National Park Service. Newark-based Public Service Electric & Gas and Pennsylvania-based PPL Electric Utilities are seeking permission to move forward with a plan to build a new Susquehanna-Roseland ...

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Morris County Improvement Authority issues 33.1M in green bonds

The Morris County Improvement Authority recently issued $33.1 million in bonds to finance renewable energy projects at municipal and educational facilities throughout the county. Wells Fargo, with offices in Madison, announced Tuesday that it was the senior managing underwriter for the bonds, which will be used to provide access to solar, wind and other alternative ...

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Finding financing for solar projects

A North Jersey solar company has enlisted a credit repair firm to help commercial clients qualify for alternative energy project financing, the company president said. Michael Klein, president of Profit By Solar, of Westwood, which designs and installs solar projects, said about half his business customers come to him with credit too poor to get ...

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Yet another power struggle over stimulus

The state’s controversial LCAPP law will turn one year old Jan. 28, but its true test of viability likely won’t come until May. The Long-Term Capacity Agreement pilot program was an effort by Gov. Chris Christie and the Board of Public Utilities to spur new in-state power plant construction and lower electricity bills by giving ...

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PSEG Foundation changes leadership

PSEG announced today that Sheila Rostiac has been appointed president of the PSEG Foundation, replacing Vaughn McKoy, who is returning to the legal department for the utility. Rostiac moved from the human resources department, where she was director of client relations. She joined the company in 1997, with an extensive background in corporate human relations ...

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