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.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.