The 2008 BGS-CIEP Auction and the 2008 BGS-FP Auctions closed on Feb 6 and 5, 2008. The New Jersey Board of Public Utilities (Board) made a decision on the results on Februay 8, 2008.
FP Auction Summary
The BGS-FP Auction began on February 4, 2008 and ended on February 5, 2008 after 17 rounds, with 50 of the electric distribution companies’ (“EDCs’”) 50 tranches filled and with the following closing prices for each EDC:
BGS-FP 36-Month Tranches
| EDC | Closing Price | Total Tranches |
| (cents per Kwh) | Sold | |
| CONECTIV | 11.65 | 8 |
| JCP&L | 11.409 | 12 |
| PSE&G | 11.15 | 28 |
| ROCKLAND | 12.049 | 2 |
CIEP Auction Summary
The BGS-CIEP Auction began on February 1, 2008 and ended on February 6, 2008 after 64 rounds with 42 of the EDCs’ 42 tranches filled and with the following closing prices for each EDC:
BGS-CIEP 1 yr. Tranches
| EDC | Closing Price | Total Traunches |
| (S/Mwh) | Sold | |
| CONECTIV | 108.65 | 5 |
| JCP&L | 115.76 | 10 |
| PSE&G | 103.28 | 26 |
| ROCKLAND | 134.38 | 1 |
