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.
