[naviga:h3]Parachute accident victim identified[/naviga:h3]

JERSEY CITY, N.J. — A Navy SEAL who fell to his death when his parachute failed to open during a Fleet Week demonstration over the Hudson River has been identified as a 27-year-old Colorado man.

The accident that killed Remington J. Peters occurred Sunday at Liberty State Park, a large New Jersey park across from Manhattan where people catch ferries to see the Statue of Liberty.

Peters, whose identity was revealed late Monday, was a member of an elite Navy parachute team called the Leap Frogs. He was a role model who will be “painfully missed,” his family said in a statement released by the U.S. Navy.

The cause of the parachute malfunction that killed Peters is under investigation.

Peters was among four parachutists who drifted down from two helicopters. The Navy said he was pulled from the water by the U.S. Coast Guard. His parachute landed in a parking lot.

[naviga:h3]Last coal-fired power plants close[/naviga:h3]

HAMILTON TOWNSHIP, N.J. — The largest energy provider in New Jersey is set to close its final coal-fired power plants.

Public Service Enterprise Group will close the Mercer and Hudson generation stations on Thursday as inexpensive natural gas has made it no longer profitable to run the coal plants.

Ralph Izzo, chief executive of PSEG Power, said that the company made a bad bet on high gas prices. The company took a $555 million loss on the plant closures last year and expects to write off up to $960 million this year.

Remaining coal is being loaded onto barges to be resold.

Two coal-fired plants owned by other companies remain in southern New Jersey.