N.J. Utility Reaches $337-Million Clean Air Settlement with U.S
PSEG Fossil, a subsidiary of PSEG Power, has agreed to spend $337 million on state-of-the-art pollution controls over 10 years at two of its New Jersey powerplants under a settlement with the U.S. Dept. of Justice, Environmental Protection Agency and the state of New Jersey. The company also will pay a $1.4-million civil penalty and spend at least $6 million on three additional projects partly to offset the impact of past emissions.
The agreement, announced Jan. 24, is the second of its kind under federal "new source review" rules adopted in the mid-1990s as part of the Clean Air Act. The first such settlement was in January 2000 between the federal government and Tampa Electric Co.