Friday, Jersey Central Power & Light, a subsidiary of Akron, Ohio-based FirstEnergy Corp. (FE), announced that its proposal to help increase the pace of solar energy project development in the state has been approved by the New Jersey Board of Public Utilities.
The JCP&L program will establish long-term agreements to purchase and sell Solar Renewable Energy Certificates to provide a stable basis for financing solar generation projects in the company's service area. JCP&L expects the plan to support the phase-in of approximately 42 megawatts of solar generating capacity over the next three years to meet Renewable Portfolio Standards through 2012. This is enough to power about 32,000 homes.
For comments and feedback contact: editorial@rttnews.com
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.