The proposed statewide project - which would take three years and employ as many as 551 workers if approved - will consist of two main components: the upgrade of 40 substations that will enhance electric reliability and the continued use of Advanced Loop Scheme technology, which involves dividing electric distribution circuits into sections that serve fewer customers than traditional circuits, reducing the number and duration of power outages in the event of a fault, the company said.
Around the State Christie cites cost of corruption in laying out ethics reform package NJBIZ File Photo In announcIng hIs proposals for ethics reform, gubernatorial candidate Chris Christie last week said corruption hits business owners hard. at a small, crowded church hall in Paramus, the Republican challenger to incumbent Jon S. Corzine cited the potential $1 billion cost of corruption reported by NJBIZ last week, adding that he wasn’t sure what the exact cost totals. “I do know this: There is a corruption tax in new Jersey,” christie said. christie said he would work to reduce corruption through a package of 10 proposals, ranging from eliminating the ability to hold multiple public offices and receive multiple public salaries, to requiring officials to relinquish their pensions if they are convicted of corruption. The candidate also said pay-to-play laws should apply equally to labor unions and other interest groups as they do to business contributors. christie emphasized that corruption in the state has crossed party lines, but criticized corzine’s leadership on the issue. “This is not a Democratic problem. This is not a Republican problem,” said christie, who built his reputation as a Chris Christie at a press conference when we was U.S. attorney for the state. corruption buster while serving as u.s. attorney for the state. “This is a new Jersey problem.” - Andrew Kitchenman Abe Abuchowski, Prolong’s founder, Firm cautions businesses for the creation of 650 affordable homes in 16 municipalities, includ- president and chief operating offi- support last week from their owner for his bankruptcy restructuring plan, lion — the second-worst decline, according to the New Jersey Casino to watch pay-to-play laws ing Bernards’ Basking Ridge section, cer. He had invented the PEGylation according to Harvey Perkins, a gam- Control Commission. In the same the Hopewell section of Bordentown, technology in the 1970s along with ing industry expert and senior vice month, casino wins at Trump Plaza Business owners should be alert to Jersey City, Newark and Red Bank. Rutgers University professor Frank president of consulting firm Spec- declined 18.6 percent over those of increased pay-to-play restrictions at Of the 17 New Jersey proj- Davis. The technology uses polyeth- trum Gaming LLC, in Linwood. June 2007, to $17.6 million, making both the local and state level as a re- ects that received subsidies, Living ylene glycol to improve the efficacy Trump Entertainment Re- that the fourth-worst decline among sult of the recent arrests of 44 people Springs Senior Residence, in Delanco and safety of drugs, besides reducing sorts Inc. picked Trump’s plan over the city’s 11 casinos, but renovated on corruption and money laundering — which will encompass 99 afford- the dosage requirements. – Shankar P. that of a group of its bondholders to Trump Taj Mahal’s casino wins de- charges, according to a lobbying firm. able units — received the largest meet a bankruptcy court deadline, clined only 8.1 percent, to $32.9 mil- Porzio Governmental Affairs LLC official Brian P. Sharkey said one, at nearly $1.5 million, according to Federal Home Loan Bank. Other Hampshire buys Raia but “Trump faces a tough road,” lion, over those of a year ago, against the industry’s average decline of 13.6 many municipal governments may large projects include Lower Town- Self Storage portfolio percent. – Shankar P. NJBIZ File Photo look to tighten their laws, since many ship’s 90-unit Cape May Senior Hous- The Hampshire Cos., a real estate of those arrested were local officials. “Municipalities are more likely ing, which was granted $570,000, and Pleasantville’s The Village at St. Pe- investment fund management firm PSE&G applies for to introduce their own ordinances,” ter’s, which will comprise 73 afford- in Morristown, last week bought a federal stimulus funds and businesses looking to
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