Saturday, June 20, 2015

NJ's PSEG Makes Power Play in Maryland’s Energy Market


PSEG Power is expanding its base into Maryland, NJ Spotlight reports.
The Newark subsidiary of Public Service Enterprise Group announced that it has acquired a 755-megawatt natural-gas-fired project in Prince George County from Genesis Power LLC and Ares EIF Management, an energy-focused private equity fund.
PSEG Power will invest between $825 million and $875 million in the project, which is expected to begin construction sometime this year and to start supplying capacity to the regional power grid in 2018.

Full story: New Jersey’s PSEG Power Makes Power Play in Maryland’s Energy Market 




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