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New Jersey’s Last Coal Plants to Close as State Goes Green

  • New Jersey has set 2050 target for using only clean energy
  • Exelon utility expects closures to save up to $30 million

New Jersey’s last two remaining coal-fired power plants are set to shut down, a key step in the state’s goal to get all of its electricity from carbon-free sources by 2050.

Exelon Corp.’s Atlantic City Electric utility said that buying out existing power-purchase agreements and shuttering the Logan and Chambers plants would save customers as much as $30 million. The state’s Board of Public Utilities unanimously approved the proposal Wednesday.