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Extended subsidies for New Jersey's nuclear stations « nuclear-news


New Jersey utility board extends ZEC subsidies for PSEG nuclear plants,
S and P Global, Steven Dolley Editor Valarie Jackson  28 Apr 21,  The New Jersey Board of Public Utilities voted unanimously April 27 to extend the state’s zero-emission certificate subsidies for PSEG Nuclear’s Hope Creek and Salem plants, payments the company said it must continue to receive if the plants are not to be permanently shut for being unprofitable to operate.
The board’s decision extends, until May 2025, a ZEC subsidy of $10/MWh provided to PSEG for generation from its Hope Creek and Salem-1 and -2 nuclear units in Hancocks Bridge, with a combined capacity of 3.736 GW. ....

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