Revel power supplier losing steam
A dispute over utilities that is keeping Atlantic City’s former Revel casino from reopening is getting worse.
Its lender says the power plant providing limited electricity to Revel is in danger of failing because it is not being fully paid for the service.
Bank of New York Mellon is seeking to intervene in a federal lawsuit between ACR Energy Partners and Florida developer Glenn Straub, the casino’s new owner.
Under a temporary arrangement, ACR is providing limited power to the building, and Straub is paying the bank.
But the bank says ACR is not being paid the full rate, and as a result, is operating at a loss.
The bank says ACR is operating only by drawing on the bank’s collateral, which may soon be cut off.
WHYY is your source for fact-based, in-depth journalism and information. As a nonprofit organization, we rely on financial support from readers like you. Please give today.
At the Jersey Shore, gusts of activity underway by friends and foes of offshore wind energy projects
Eight Jersey Shore beach towns tell state utility regulators that a wind farm proposal is more expensive than thought and will cost economic activity by driving away tourists.
13 hours ago
Coexisting with urban wildlife, Bakari Sellers ‘The Moment’, NJ’s data privacy law
It’s getting wild. We talk about urban wildlife – from encounters with coyotes to bats who need our help
Air Date: April 25, 2024 12:00 pm
Listen 50:01
Penn Relays, Mexican Week, Zepparella, VinylCon! and more in this week’s ‘Things To Do’
April 25–28: The Philadelphia Show, “Kill Move Paradise” in N.J. and the Delaware Symphony’s performance of Mahler are among this weekend’s highlights.
24 hours ago
Listen 4:32