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What ratepayers will pay in subsidies for NJ's nuclear power plants - Governors' Wind Energy Coalition

Governors Wind Energy Coalition
What ratepayers will pay in subsidies for NJ’s nuclear power plants
Source: By Tom Johnson, NJ Spotlight • Posted: Monday, April 26, 2021
PSEG pushing state regulators to move forward on a yearly subsidy of about $300 million
Credit: peretzp via Creative Commons CC BY-SA 2.0. File photo: Hope Creek nuclear plant
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.
Public Service Enterprise Group, the operator of the three plants in South Jersey, is urging state regulators to approve another yearly subsidy at the same level of roughly $300 million, awarded in April 2019. This time, however, the New Jersey Board of Public Utilities can reduce the level of subsidy, an option not available previously to the ann ....

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Subsidies for New Jersey's nuclear power stations « nuclear-news

Subsidies for New Jersey’s nuclear power stations
What ratepayers will pay in subsidies for NJ’s nuclear power plants, nj spotlight, TOM JOHNSON, APRIL 26, 2021 PSEG pushing state regulators to move forward on a yearly subsidy of about $300 million. 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.
PSEG pushing state regulators to move forward on a yearly subsidy of about $300 million. 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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What nuclear subsidies will cost ratepayers | NJ Spotlight News

Credit: peretzp via Creative Commons CC BY-SA 2.0
File photo: Hope Creek nuclear plant
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.
Public Service Enterprise Group, the operator of the three plants in South Jersey, is urging state regulators to approve another yearly subsidy at the same level of roughly $300 million, awarded in April 2019. This time, however, the New Jersey Board of Public Utilities can reduce the level of subsidy, an option not available previously to the annoyance of a couple of BPU commissioners, who nevertheless went along with approving the subsidy anyway. ....

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New Jersey Ratepayers Implore Board of Public Utilities to Reject Utility Cash Grab

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. ....

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PSEG asks NJ BPU to subsidize nuclear plants or see their closure

Did you know a portion of your electric bill goes to help keep New Jersey s three nuclear power plants afloat?
Residential customers throughout New Jersey now dish out, through their electric bills, around $30 to $40 a year, depending on how much electricity they use. Large industrial users can pay hundreds of thousands of dollars a year.
Now Newark-based Public Service Enterprise Group, the largest owner of the three nuclear reactors, has asked the New Jersey Board of Public Utilities to extend the subsidies another three years. A decision is expected in April.
The plants are not profitable, says PSEG Power, the utility s subsidiary that operates its power plants. ....

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