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Chemical Week Magazine :: CW Price Report

Corzine Publishes Draft Energy Master Plan

9:44 AM MDT | May 6, 2008 | Nancy Seewald

New Jersey Governor Jon Corzine (D.) has released a draft version of a new Energy Master Plan (EMP) that sets goals of reducing peak electricity demand and increasing energy efficiency by 2020. Corzine says the EMP addresses high prices, supply shortages, and environmental concerns. The EMP includes: reducing energy consumption by a least 20%; raising wholesale electricity prices during peak hours by 100%-1000%; meeting 22.5% of the state’s electricity needs from renewable sources including solar, wind, and biomass capacity; increasing cogeneration...

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