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Channel: Utility trends – Institute for Energy Economics & Financial Analysis
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New Jersey utility to take $415 million hit to exit coal generating business

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Bloomberg: Public Service Enterprise Group Inc., the owner of New Jersey’s biggest utility, agreed to sell its stakes in two Pennsylvania power plants at a loss, marking the last steps in its plan to exit from coal. The deal to sell its stakes – about 23% each – in the Keystone and Conemaugh plants is […]

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