Date: January 10, 2002
Source: News Room
The New Jersey Department of Environmental Protection and PSEG Fossil have announced a voluntary agreement that calls for a 15 percent reduction in the carbon dioxide emissions rate at in-state fossil-fueled power plants and a $1.5 million grant to NJDEP to assist in the development of landfill gas projects. Under terms of the agreement, PSEG Fossil will reduce the aggregate CO2 emissions rate from all coal, natural gas, and oil-fired power plants it owns or operates in New Jersey from a 1990 baseline of 1,706 pounds per megawatt hour to 1,450 pounds per megawatt hour by 2005. NJDEP Commissioner Bob Shinn said the state's 15% annual green power purchase of electricity produced by renewable resources delivers 46,000 tons of annual CO2 emissions reductions, and is the largest government green power purchase in the country. PSEG Power and PSE&G are subsidiaries of Public Service Enterprise Group Incorporated (NYSE: PEG), a diversified energy and energy services company.
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