This report documents our study of the gross Cost of New Entry (“CONE”) for combustion turbine (“CT”) and combined-cycle (“CC”) power plants with a target online date of June 1, 2015, consistent with the 2015/16 delivery year in PJM’s capacity market. We prepared this study in cooperation with CH2M HILL, a major engineering procurement, and construction company with extensive experience in the design and construction of power plants, and Wood Group, a power plant operation and maintenance (“O&M”) service provider.

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