SEC filing: PSEG yet to decide about equity stake in offshore-wind project

offshore wind energy, new jersey environment news

TOM JOHNSON / NJ SPOTLIGHT – Public Service Enterprise Group appears to be keeping its options open on how much it will invest in the state’s ambitious efforts to be a leader in the offshore-wind industry that’s developing up and down the Eastern Seaboard.

In a filing with the Securities and Exchange Commission yesterday, the Newark company said it would decide by the second half of this year whether it would exercise an option to acquire an equity interest in Ocean Wind, one of three projects bidding for state approval to build up to 1,100 megawatts of offshore wind off the Jersey coast.

PSEG already has entered into an energy-management agreement with Ocean Wind LLC, a wholly owned subsidiary of Ørsted US Offshore Wind …

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