Consumers Urge Congress to Support Competition on Electric Transmission Projects and Oppose Monopoly Market Power on Electric Transmission Projects rstreet.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rstreet.org Daily Mail and Mail on Sunday newspapers.
Credit: (AP Photo/Mel Evans, File; AP Photo/Michael Dwyer, File)
File photos: Business groups in New Jersey fear the cost of subsidizing nuclear and offshore wind power, cornerstones of the Murphy administration’s clean-energy agenda.
For many months, consumer advocates and business groups have unsuccessfully pressed the Murphy administration to assess what the state’s clean-energy goals will do to the cost of electricity in New Jersey.
Now, one of the state’s largest business organizations, the Chemistry Council of New Jersey, has done its own in-house analysis on how those policies would impact its 45,000 members.
For manufacturing firms, the industry group says its results project both a steep rise in energy bills for its commercial power consumers over the short term and long haul. And that increase is just for the existing subsidy customers pay to nuclear power plants and for offshore wind, once turbines start operating off the Jersey coast, which is expected around 20
Dennis Hart | Author | NJ Spotlight News njspotlight.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from njspotlight.com Daily Mail and Mail on Sunday newspapers.
New Jersey Ratepayers Implore Board of Public Utilities to Reject Utility Cash Grab April 26, 2021, 10:50 am | in
Latest $300 million demand from PSE&G and Exelon would crush New Jerseyans reeling from pandemic
Trenton (April 23, 2021) After securing a $300 million-per-year subsidy despite failing to demonstrate need, PSE&G and Exelon are back again, using the threat of closures and job losses to demand yet another round of corporate handouts paid for by New Jersey ratepayers.
The New Jersey Board of Public Utilities (BPU) held evidentiary hearings on the renewal of the $300 million annual zero-emission credit (ZEC) subsidies this year. On April 27, the BPU is expected to rule on the renewal for a three-year period, which would total upwards of $900 million in higher electricity costs for ratepayers.
ROI Influencers: Power List 2021 — Government Affairs roi-nj.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from roi-nj.com Daily Mail and Mail on Sunday newspapers.