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Public Service Enterprise Group trying to force ratepayers to act as guarantors for nuclear power debts


Obligating ratepayers to act as guarantors…
…. they seek to leverage the subsidies as a means to obligate ratepayers to act as guarantors of the plants’ profitability,
It is noteworthy that PSEG never offered to return any stranded-cost payments to ratepayers and now has the temerity to argue that this $3 billion wealth transfer should not be considered in determining whether the nuclear plants require further subsidization.
Despite the efforts of PSEG and Exelon to ignore precedent and establish their preferred regulatory structure, the fact remains that the BPU and Legislature removed precisely these types of costs and risks from ratepayer responsibility long ago.  ....

New Jersey , United States , Division Of Rate Counsel , Energy Competition Act , Public Service , Exelon Generation , Market Monitor , Rate Counsel , Restructuring Order , Electric Discount , புதியது ஜெர்சி , ஒன்றுபட்டது மாநிலங்களில் , பிரிவு ஆஃப் ரேட் ஆலோசனை , ஆற்றல் போட்டி நாடகம் , பொது சேவை , எக்ஷேலோன் ஜெநரேஶந் , சந்தை மானிட்டர் , ரேட் ஆலோசனை , மறுசீரமைப்பு ஆர்டர் , மின்சார தள்ளுபடி ,

Op-Ed: Paying for NJ's nuclear subsidies | NJ Spotlight News


Steven S. Goldenberg
With the issue regarding the propriety of nuclear subsidies known as Zero Emission Certificates or ZECs again before the Board of Public Utilities, the predictable PSEG-inspired public drumbeat supporting its nuclear plants has begun. News outlets, including NJ Spotlight News, have recently featured articles and editorials that tout the benefits the nuclear plants confer on the state, and are intended to gin up support for extending the current $300 million annual ratepayer subsidies.
There is no question that the plants provide jobs and environmental, fuel diversity and economic benefits to the state. However, as discussed below, these benefits alone do not establish the plants’ eligibility to receive the more than $800 million in additional subsidies that have been requested, and certainly do not justify PSEG’s effort to require ratepayers to assume responsibility for the costs and risks associated with the plants’ continued operation, a re ....

New Jersey , United States , Division Of Rate Counsel , Energy Competition Act , Public Service , Zero Emission Certificates , Public Utilities , Exelon Generation , Market Monitor , Rate Counsel , Restructuring Order , Electric Discount , புதியது ஜெர்சி , ஒன்றுபட்டது மாநிலங்களில் , பிரிவு ஆஃப் ரேட் ஆலோசனை , ஆற்றல் போட்டி நாடகம் , பொது சேவை , பூஜ்யம் உமிழ்வு சிஇஆர்டிஐஎஃப்ஐசிஏடிஇஎஸ் , பொது பயன்பாடுகள் , எக்ஷேலோன் ஜெநரேஶந் , சந்தை மானிட்டர் , ரேட் ஆலோசனை , மறுசீரமைப்பு ஆர்டர் , மின்சார தள்ளுபடி ,