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February 1, 2011 5:52 pm

New Jersey Passes Law To Build New Gas-Fired Power Plants

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Wall Street Journal – New Jersey Governor Chris Christie signed into law Friday a program of long-term incentives to build new power plants in the state, against opposition from within the U.S.’s largest electricity market.

The program would provide up to a decade of incentive payments to developers for the construction of 2,000 megawatts of natural gas-fired generation, enough to provide electricity for about two million homes. The move guarantees a minimum return to developers to build plants.

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