A post-Hurricane Sandy storm has been brewing in New Jersey since PSE&G filed an infrastructure-hardening project with the Board of Public Utilities last year. The utility is seeking $3.9 billion to fortify power grid infrastructure flooded during the hurricane. The BPU is balking at the price and questioning the extent to which customers will benefit… Keep reading →
How many billion of dollars does it take to secure the infrastructure of an energy company against the “known unknowns” of historic storms and other forms of interruption and just as importantly, who should pay?
The Public Service Enterprise Group company of New Jersey (PSEG) had an opportunity to answer that question in real time in the weeks after Hurricane Sandy, a storm that impacted facilities that had never been hit by storms in 50 years of operation and knocked out power to a remarkable 90% of the company’s customers. Since then, the firm knows that “business as usual is not enough,” PSEG CEO Ralph Izzo told the AGRION Energy & Sustainability Summit in a wide-ranging speech opening the second day of the conference in New York City this week. Keep reading →
A developer hoping to build America’s first offshore wind farm is taking another look at its costs after reports attacked its plans as too expensive, technically unproven, and likely to have a negative effect on the local economy.
Fishermen’s Energy, a consortium of fishing companies, plans to build the wind farm in New Jersey waters three miles off the coast in a five-turbine pilot project that it hopes will pave the way for a bigger installation in federal waters farther offshore. Keep reading →
Mike Strizki says he’s figured out how to store solar energy in a way that could provide the world with an infinite source of year-round, emissions-free power, but also says no one is listening to him.
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