PSEG Plans $1.6B in New Gas-Fired Projects

PSEG is looking at replacing its Bridgeport, Connecticut coal plant with a new gas-fired facility

Public Service Enterprise Group Inc. (PSEG) is planning a $1.6 billion investment in new gas-fired projects in the coming years.

PSEG Power President and COO William Levis tells Reuters the company is taking advantage of the “low gas-price environment” by building combined-cycle plants in Maryland and New Jersey.

The company is also looking into building a new 500-MW gas-fired facility by summer 2019 at the site of its 383-MW coal plant in Bridgeport, Connecticut – the state’s only coal facility – which PSEG has agreed to close in 2021.

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