This form provides that when Operator, in good faith, believes or determines that the actual costs for any Drilling, Reworking, Sidetracking, Deepening, or Plugging Back operation conducted under this Agreement will exceed a designated of the costs estimated for the operation on the approved AFE, the Operator will give prompt notice by telephone to the other Parties participating in the operation, as well as delivering a supplemental AFE estimating the costs necessary to complete the operation. Each Party receiving the supplemental AFE shall have forty-eight from receipt of the notice to elect to approve Operators recommendation or propose an alternative operation.
New Jersey Cost Overruns for Non-Operator's Non-Consent Option
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Governor Murphy Signs Executive Order Increasing Offshore Wind Goal to 11,000 MW by 2040. NEW YORK ? Governor Phil Murphy today signed Executive Order No. 307, increasing New Jersey's offshore wind goal by nearly 50 percent to 11,000 megawatts (MW) by 2040.
The third solicitation seeks to award between 1.2 GW and 4 GW of offshore wind capacity, building on the previously awarded 3.75 GW.
New Jersey's Wiretapping Act requires the consent of at least one party to a conversation before recording an in-person conversation in which a person has a reasonable expectation that such communication is not subject to recording.
The Offshore Wind Strategic Plan is a critical blueprint that will guide us toward our goal of 7,500 megawatts of offshore wind power by 2035 and help us achieve 100 percent clean energy by 2050.? ?Offshore wind represents a once-in-a-generation opportunity for New Jersey.
Under Governor Murphy's leadership, New Jersey has established an ambitious goal of generating 11 GW of electricity from offshore wind energy by 2040 as part of the State's Energy Master Plan to transition to 100 percent clean energy by 2035.
The offshore wind farm is planned for a leasing area about 15 miles from the coasts of Cape May and Atlantic Counties. Ocean Wind 1 will have the capacity to generate about 1,100 megawatts of clean energy ? able to power about 500,000 homes, contributing to the state's goal to produce 11,000 megawatts of usage by 2040.