National Energy Group Slows Construction Pace of New Jersey Power Plant

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Researched by Industrialinfo.com (Industrial Information Resources, Incorporated; Houston, Texas). Construction of a power plant in New Jersey by PG&E National Energy Group (Bethesda, Maryland), a division of PG&E Corporation (NYSE:PCG) (San Francisco, California), is moving ahead at a snails pace. Originally, start-up of the Mantua Electrical Generating Station was set for 2003, but is being pushed to 2005 in anticipation of better market conditions.

Site construction of the 1,100MW natural gas fired plant began late last year, but was scaled back following a sharp decline in the price of electricity on the wholesale market. To date the project has inched towards the 10% mark. The heat recovery steam generator is scheduled to arrive at the site by the first of the year with delivery of the turbines slated for next summer.

Bechtel Power Corporation is providing engineering, procurement, and construction services for the plant located in Thorofare, New Jersey.

PG&E Corporation's National Energy Group is one of the nation's leading competitive power producers and has natural gas facilities that connect major producing regions to some of the fastest-growing markets in North America. The company operates one of the top energy trading businesses in the country. Its generation portfolio consists of 7,000 megawatts and an additional 10,000 megawatts in development or under construction. Generation mix includes natural gas, hydroelectric, coal, waste coal, oil, and wind power.