States say Federal Energy Regulatory Commission did not consider New Jersey s claims that added capacity was not needed and would violate its climate change law.
States say Federal Energy Regulatory Commission did not consider New Jersey s claims added capacity was not needed and would violate its climate change law.
NJ nuke plants gets another round of $300M subsidies njspotlight.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from njspotlight.com Daily Mail and Mail on Sunday newspapers.
Governors Wind Energy Coalition
What ratepayers will pay in subsidies for NJ’s nuclear power plants Source: By Tom Johnson, NJ Spotlight • Posted: Monday, April 26, 2021
PSEG pushing state regulators to move forward on a yearly subsidy of about $300 million
Credit: peretzp via Creative Commons CC BY-SA 2.0. File photo: Hope Creek nuclear plant
The state is poised once again to decide whether to subsidize New Jersey’s three remaining nuclear power plants, but unlike two years ago, the question is not so much about whether ratepayers should fund the program, but how much they should pay.
Public Service Enterprise Group, the operator of the three plants in South Jersey, is urging state regulators to approve another yearly subsidy at the same level of roughly $300 million, awarded in April 2019. This time, however, the New Jersey Board of Public Utilities can reduce the level of subsidy, an option not available previously to the annoyance of a couple of