Footprint Power LLC announced Friday that it had purchased the Salem Harbor Power Station from Dominion Energy Inc. Terms weren’t disclosed.
The station, which opened in 1951, was long targeted as a polluter by environmentalists. But many Salem residents were loyal to the plant for the jobs and millions in tax revenue it provided. Last year, Dominion announced it would close the plant in 2014, citing the high costs of required environmental upgrades and of coal, compared with cheaper natural gas "
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A New Jersey-based power company announced Friday that it has reached an agreement to buy the coal- and oil-fired Salem Harbor Power Station, and plans to build a state-of-the-art natural gas plant on the site. Footprint Power LLC will acquire the ...Read more
New Jersey business and employee groups greeted the U.S. Supreme Court's decision today to uphold most of the Affordable Care Act with disappointment but also a measure of relief.Read more