You may know that New Jersey has the 7th highest electricity rates in the United States. Do you know why?
A single utility controls roughly one-half the generation in the state and an alarming 88% of the
power plants in New Jersey’s most populated and power hungry northern area. Ratepayers are
missing the savings of a freely-operating, competitive market.
What’s it worth? Ratepayers could be saving as much as $475 million in just one year,
if a new backbone transmission
line were built to give competing power plants better access to the market.
New Jersey can tackle high energy costs by approving the New Jersey Energy Link project.
This high-capacity backbone transmission line links south Jersey, which is part of a
highly-competitive, multi-state energy market, with north Jersey, which needs more power
supply. This pro-consumer project is backed by innovators, including Google
, who have
designed an advanced transmission system buried underground and under the seabed where it is
protected from storms and free of NIMBY opposition.
New Jersey Energy Link combats high-cost power and advances other energy goals by:
- Lowering utility bills for New Jersey homes and businesses by $1.4 billion,
- Storm-hardening the State’s electric grid to make it stronger in the face of severe weather, and
- Creating many jobs for New Jersey workers.
Sub-Contract Opportunities Exist for the full Spectrum of Engineering, Construction
and Equipment Supply