SOURCE: Industrial Info Resources

Industrial Info Resources

July 24, 2012 06:30 ET

Competitive Power Ventures' 663-Megawatt, Combined-Cycle Power Plant in New Jersey Stuck in Litigation, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - Jul 24, 2012) - Written by John Egan for Industrial Info Resources (Sugar Land, Texas) -- Competitive Power Ventures LLC (CPV) (Silver Spring, Maryland) wants to spend about $900 million to build a 663-megawatt (MW), combined-cycle, natural gas-fired generator in New Jersey. Regulators from New Jersey and PJM (the grid operator serving Pennsylvania, New Jersey and Maryland) also want CPV to build that generator, the Woodbridge Energy Center. New Jersey's businesses and homeowners probably would welcome Woodbridge. But incumbent generators in PJM have delayed the start of construction with state and federal litigation.

Other companies featured: General Electric Company (NYSE:GE)

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