Gov. Murphy: New Jersey's last remaining coal power plants to shut down by May

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Atlantic City Electric(ACE) will shutter its last two operational coal-fired power plants in New Jersey by May 31. The move comes as ACE got approval from the New Jersey Board of Public Utilities (NJBPU) to modify its power purchase agreements (PPAs) and power sales agreements (PSAs) with the last two coal-fired electricity generation units in the state.

As part of the buyout agreements and closing down the Logan and Chambers plants, ACE says its customers will save as much as $30 million through the end of 2024. The owner of the plants, Starwood Energy, plans to decommission the coal power plants and work with a clean energy developer to bring renewable energy projects to the sites.

New Jersey is seeking to power its economy with a 100 percent carbon-neutral grid by 2050 and to curb total emissions in the state by 80% from 2006 levels.Gov. Phil Murphy said in a statement:

Over the last several years, New Jersey has seen a steady decrease in greenhouse gas emissions because of my Administration’s aggressive approach to mitigating climate pollution, powering past coal, and expanding our renewable energy resource mix. These agreements allow us to further shift New Jersey’s energy portfolio away from harmful coal generation and focus on clean energy technology.

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