PSEG will retire 2 New Jersey coal power plants
Public Service Enterprise Group (PSEG) will close the 620-MW Hudson Generation Station in Jersey City and the 632-MW Mercer Generation Station in Hamilton Township on June 1, 2017. "The sustained low prices of natural gas have put economic pressure on these plants for some time. In that context, we could not justify the significant investment required to upgrade these plants to meet the new reliability standards," Bill Levis, president and COO of PSEG Power, said in a statement released on Oct. 5.
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