No Deal on Offshore Power Grid

njspotlightnews.org
A state agency held off, at least for now, approving projects aimed at bringing power from offshore wind farms to land, but it did allow for $1 billion to upgrade the existing power grid.

The Board of Public Utilities balked at the more expensive projects needed to begin building what is essentially a backbone transmission system off the coast to deliver power ashore. Instead, it opted to wait until federal financial incentives are available to defray the costs to utility customers.