New Jersey regulator approves $6 billion power auctions

New Jersey Board of Public Utilities (BPU): * New Jersey regulators on Wednesday approved the results of the state's 19th annual electricity Basic Generating Service (BGS) auctions, which secured about 7,700 megawatts of power worth about $6 billion. * The BPU said the auction results is slightly higher costs for electricity supplied to most residents and small and medium-sized businesses * The state's four utilities are Exelon Corp's Atlantic City Electric (A

from Reuters: Company News https://ift.tt/2uqogEC