New Jersey has some of the highest electricity prices in the country, which some argue have become a drag on the economy and a reason for manufacturers and other large employers to leave the state. To investigate these complex issues, NJ Spotlight brought together policy makers and industry leaders to discuss problems and potential solutions.
Panelists: Stefanie Brand, Director, New Jersey Division of Rate Counsel; Paul Fremont, Managing Director, Jefferies & Co.; Lee Solomon, President, New Jersey Board of Public Utilities; Glen Thomas, President, The P3 Group
Chapter 1: Opening Remarks
The place to begin any serious consideration of New Jersey’s thirst for power is with the three C’s: capacity, congestion, and cost.
Chapter 2: General Discussion
Myth Busting: On non-utility generators (NUGs), subsidies, competition, “new” generation, reliability-must-run (RMR) agreements, and power prices.
Chapter 3: Audience Questions
Is the Reliability Pricing Model (RPM) the only game in town? Subsidized power plants: Will FERC or PJM “bend” or will the argument be played out in the courts?
Chapter 4: Wrapping Up
Concluding remarks from all panelists.