New Jersey approves $300 million in nuclear subsidies; PSEG had threatened to close reactors

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.

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