Group Attacks NJ Power Plant Subsidy Program

Law360, New York (February 1, 2011, 7:36 PM EST) -- A power producer advocacy group lodged a complaint Tuesday in response to recently enacted New Jersey legislation subsidizing power plant development, saying consumers need to be protected from the negative consequences of funding unneeded power plants.

PJM Power Providers Group, known as P3, asked the Federal Energy Regulatory Commission to make a number of rule changes that would purportedly prevent any attempt to undermine wholesale markets through subsidies to new power plants that are not justified by market conditions.

Specifically, the rule changes would mandate that...
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