The decision hinges on Sayreville reaching an emissions offset agreement with the state of New Jersey before Sept. 1.

The acquisition would expand NextEra’s retail presence in half a dozen states spanning across the Eastern U.S. including New York, Ohio, and Florida.

Exorbitant price increases in PJM’s latest capacity auction are projected to cost New Jersey ratepayers $1.7 billion, prompting calls for the investigation.

OPC Power Ventures LP’s acquisition of the equity interest in the 773-MW gas-fired generator comes on the heels of its other purchases of PJM power assets.

The Japanese auto giant looks to completely divest its equity interest in the two facilities.