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

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

Nuclear subsidy gets new challenge

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

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 …

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

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

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 …

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

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