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Following Recent Maryland Ruling, Federal Court Declares New Jersey Scheme to Promote Investment in In-State Generation Unconstitutional
By Emily Townsend on Oct 17, 2013
Posted In Project Development and Finance
by Ari Peskoe A Federal District Court Judge for New Jersey struck down the state’s incentive program to encourage construction of in-state generation capacity. New Jersey’s scheme was similar to Maryland’s scheme that was the subject of a District Court ruling last month. The Judges in both cases found that the state intruded on Federal...