CPV Breaks Ground For New Power Plant — Though Subsidies Are In Doubt

NJTODAY.NET's online business directory
Governor Chris Christie joined Senate President Steven Sweeney, BPU President Robert Hanna and other State & local officials, as well as company personnel and union members to participate in the groundbreaking of the CPV Woodbridge Energy Center.  This is a former Brown Field site along the Raritan River. (Photo Credit: Governor's Office/Tim Larsen)

Governor Chris Christie joined Senate President Steven Sweeney, BPU President Robert Hanna and other State & local officials, as well as company personnel and union members to participate in the groundbreaking of the CPV Woodbridge Energy Center on Wednesday, Oct. 23. This is a former Brown Field site along the Raritan River. (Photo Credit: Governor’s Office/Tim Larsen)

by Tom Johnson / NJ Spotlight

Yet another big power plant is moving forward in New Jersey — once again without any guarantees of subsidies from utility customers to help pay the cost.

In a groundbreaking ceremony yesterday attended by both Gov. Chris Christie and Senate President Stephen Sweeney (D-Gloucester), Competitive Power Ventures (CPV), a Maryland company, began building an $845 million natural-gas plant in an industrial section of Woodbridge, one of three plants awarded lucrative subsidies by the state to spur their development — though it’s not known if it will ever receive them.

Read the full story at NJ Spotlight


Connect with NJTODAY.NET


Join NJTODAY.NET's free Email List to receive occasional updates delivered right to your email address!
Email ads@njtoday.net for advertising information Send stuff to NJTODAY.NET Like Us On Facebook Follow Us On Twitter Download this week's issue of NJTODAY.NET

Leave a Reply