PSEG Power is expanding its base into Maryland, NJ Spotlight reports.

The Newark subsidiary of Public Service Enterprise Group announced that it has acquired a 755-megawatt natural-gas-fired project in Prince George County from Genesis Power LLC and Ares EIF Management, an energy-focused private equity fund.

PSEG Power will invest between $825 million and $875 million in the project, which is expected to begin construction sometime this year and to start supplying capacity to the regional power grid in 2018.

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