New Jersey approves $300 million in nuclear subsidies; PSEG had threatened to close reactors
With the state’s nuclear reactors under imminent threat of closure, New Jersey regulators on Thursday voted to approve $300 million in ratepayer subsidies to benefit nuclear power generators, primarily benefiting Newark-based PSEG. The New Jersey Board of Public Utilities (BPU) voted 4-1 Thursday to approve new zero-emission credits for the Salem and Hope Creek power stations in South Jersey.
About The Author
Jim Hamilton
Jim Hamilton is the Executive Director of The Nuclear Decommissioning Collaborative.
Jim has over twenty-years of experience managing the entire life-cycle (siting, design, permitting, construction, closure, decommissioning, remediation and redevelopment) of large-scale manufacturing, energy and infrastructure facilities throughout North, Central and South America.