PSEG Nuclear LLC has notified US regulators of its intent to seek subsequent licence renewal for the Salem and Hope Creek nuclear power plants, which together produce nearly half of New Jersey’s electricity and 85% of the state’s carbon-free generation.
The New Jersey Board of Public Utilities has unanimously voted to extend the zero emission certificates for the Hope Creek and Salem nuclear power plants for an additional three years.
28 April 2021
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The New Jersey Board of Public Utilities (BPU) has unanimously voted to extend the zero emission certificates (ZECs) for the Hope Creek and Salem nuclear power plants for an additional three years.
Hope Creek and Salem (Image: Peretz Partensky)
Public Service Enterprise Group Inc s (PSEG) three units - two at Salem and the single-unit Hope Creek plant - were awarded ZECs in 2019 under New Jersey s
Zero Emissions Certificate Law, enacted the previous year. The law enables the state to recognise and compensate eligible nuclear power plants for their zero-carbon attributes and contribution to fuel diversity.
The USD300 million-worth of certificates will ensure that the plants, which supply over 90% of New Jersey s in-state carbon-free generation and 37.5% of its overall in-state energy supply, will remain operational, the BPU said. Stakeholder input and a wide array of market forces were considered in reaching the decision, it added. These included the role