Basic Facts:

  • Location: Lower Alloways Creek, New Jersey
  • Owner: Exelon (43%) PSEG (57%)
  • Operator: PSEG
  • Construction Cost: $5.2B (2018$)
  • Plant Output: 2,300 MW (Combined)
  • Property Size: 700 acres
  • Status: At Risk of Closure
  • Employees: 900
  • Expected Shut Down Date: Unit 1 (2036), Unit 2 (2040)
  • Current DTF Balance: $1.2B (2018$)
  • DTF Balance Prior to Decommissioning: $2.0B (2018$)
  • Decommissioning Cost Estimate: $1.0 (2018$)
  • Spent Nuclear Fuel on Site: 1,459 metric tons
Salem 1 & 2 Photo

Background

The Salem nuclear power station consists of two pressurized water reactors. Construction began in 1968 (Units 1 & 2) with licensed operations commencing in 1977 and 1981 respectively.

In 2003 (Unit 1) and 2011 (Unit 2), the Nuclear Regulatory Commission granted Salem a twenty-year operating license for both units. Their licensed operational life extends to 2036 and 2040 respectively.

Socioeconomics

The Salem nuclear power plant is located within Salem County, New Jersey. As of 2016, socioeconomic information is as follows:

  • Population: 63,000
  • Per Capita Annual Income: $47,000
  • Unemployment rate (not seasonally adjusted): 5.1%

Contact Information

Economic Development Administration Representative:

Economic Development District

Nuclear Regulatory Commission

Unless specific costing information has been provided, decommissioning costs were derived from 2017 Decommissioning Funding Status Report.
Information herein obtained from public sources. Corrections are welcome and may be directed to [email protected].

Additional Information

Despite state officials’ worries, NJ approves bailout for PSEG nuclear plants

April 28, 2021

Despite state officials’ worries, NJ approves bailout for PSEG nuclear plantsThe New Jersey Board of Public Utilities approved PSEG’s bid for a second round of $300 million in annual subsidies, which it argued is vital to keep its nuclear plants open, in spite of personal reservations and skepticism from several of the state’s commissioners.

Read More

What ratepayers will pay in subsidies for NJ’s nuclear power plants

April 26, 2021

What nuclear subsidies will cost ratepayers | NJ Spotlight News The state is poised once again to decide whether to subsidize New Jersey’s three remaining nuclear power plants, but unlike two years ago, the question is not so much about whether ratepayers should fund the program, but how much they should pay.

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Nuclear subsidy gets new challenge

April 14, 2021

Asking NJ court to undo nuclear subsidy | NJ Spotlight News NJ ratepayer advocate asks Supreme Court to consider decision on $300 million subsidy. Regulators are poised to add more New Jersey Rate Counsel Director Stefanie Brand is asking the New Jersey Supreme Court to reverse last month’s appellate court decision upholding the award of […]

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Board was right to allow $300M nuclear subsidy, appeals court rules

March 22, 2021

NJ court upholds PSEG’s $300M nuclear subsidy | NJ Spotlight News Owners said three NJ nuclear plants would close unless customers paid. State considers renewing the deal A state appeals court upheld the decision by the New Jersey Board of Public Utilities to give hundreds of millions of dollars, paid by utility customers, to the […]

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PSEG says without $300M ratepayer nuclear subsidy, it will close South Jersey plants

March 9, 2021

PSEG says $300M nuclear subsidy is crucial | NJ Spotlight News Company goes before Board of Public Utilities again as it seeks to retain subsidy for another three years Public Service Enterprise Group told state officials it will close its three nuclear units in South Jersey if it does not retain a lucrative annual ratepayer […]

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PSEG: Subsidize NJ nuclear plants or we’ll close them, rely on fossil fuels

February 18, 2021

PSEG: Subsidize NJ nuclear plants or we’ll close them, rely on fossil fuels

Read More

Latest tussle over $300M nuclear subsidies rests on financial viability of the units

February 4, 2021

Are NJ nuclear subsidies optional or essential? | NJ Spotlight News In a reprise of a debate from three years ago over lucrative subsidies to keep New Jersey’s three nuclear power plants from closing, backers and critics squared off over whether to keep charging ratepayers for the $300 million annual payments.

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PSEG applies to keep $300M annual subsidies for South Jersey nuclear plants

October 2, 2020

PSEG asks for $300M for South Jersey nuclear plants | NJ Spotlight News Public Service Enterprise Group yesterday filed an application to retain $300 million in ratepayer subsidies annually to keep its fleet of nuclear plants in South Jersey operating. The application, filed with the New Jersey Board of Public Utilities, rekindles a dispute over […]

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BPU doesn’t gamble with state subsidy for nuclear plants

May 5, 2019
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New Jersey approves up to $300M in annual nuclear plant subsidies, despite profitability claims

April 25, 2019
Read More

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