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New Jersey extends $300 million in nuclear subsidies for Salem County reactors


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New Jersey on Tuesday renewed subsidies of about $300 million a year for the state’s three nuclear power reactors at Salem and Hope Creek, the source of 90% of the state’s carbon-free electricity.
The New Jersey Board of Public Utilities approved the subsidies, called Zero Emission Certificates, for three years for the Hope Creek Generating Station and the twin-unit Salem Nuclear Power Plant, located in Lower Alloways Township on Delaware Bay. The giant reactors supply New Jersey with about 37.5% of its power, including about 90% of its electricity produced without greenhouse gas emissions.
The owners of the plants, Public Service Enterprise Group Inc. (PSEG) of New Jersey and Exelon Corp. of Illinois, had argued that without the subsidies, the plants would struggle to compete in markets where prices are set by low-cost natural gas power plants. The New Jersey Chamber of Commerce applauded Tuesday’s unanimous vote, saying it kept New Jersey on trac ....

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New Jersey extends $300 million in nuclear subsidies for Salem County reactors


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Philadelphia Inquirer
Apr. 28 New Jersey on Tuesday renewed subsidies of about $300 million a year for the state s three nuclear power reactors at Salem and Hope Creek, the source of 90% of the state s carbon-free electricity.
The New Jersey Board of Public Utilities approved the subsidies, called Zero Emission Certificates, for three years for the Hope Creek Generating Station and the twin-unit Salem Nuclear Power Plant, located in Lower Alloways Township on Delaware Bay. The giant reactors supply New Jersey with about 37.5% of its power, including about 90% of its electricity produced without greenhouse gas emissions.
The owners of the plants, Public Service Enterprise Group Inc. (PSEG) of New Jersey and Exelon Corp. of Illinois, had argued that without the subsidies, the plants would struggle to compete in markets where prices are set by low-cost natural gas power plants. The New Jersey Chamber of Commerce applauded Tuesday s unanimous vo ....

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PSEG Nuclear's Hope Creek Generating Station Commenced Planned Refueling and Maintenance Outage


PSEG Nuclear s Hope Creek Generating Station Commenced Planned Refueling and Maintenance Outage
Hope Creek Generating Station Set Records for Reliability and Availability
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LOWER ALLOWAYS CREEK, N.J., April 23, 2021 /PRNewswire/ This week, PSEG Nuclear s Hope Creek Generating Station marked another uninterrupted 18-month production cycle and entered a planned refueling and maintenance outage after operators safely removed the unit from the regional power grid.
Hope Creek is one of three nuclear units operated by PSEG Nuclear in Salem County, New Jersey. Collectively, the combined Salem and Hope Creek generating site produces approximately 40% of the state s electricity and more than 90% of its carbon-free energy, making it a critical component of New Jersey s long-range clean energy objectives and climate change efforts. ....

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