Will Trump administration give PSEG – and other utilities – nuclear subsidies?

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Salem Nuclear Power Plant

TOM JOHNSON / NJ SPOTLIGHT – The Trump administration is proposing to bolster the fortunes of coal and nuclear power plants, a step aimed at averting early shutdown of units across the nation, including some in New Jersey.

U.S. Energy Secretary Rick Perry asked a federal agency Friday to draw up new regulations to compensate so-called baseload generating facilities that are critical to the reliability of the electric grid.

The request is significant for New Jersey, because Public Service Enterprise Group has been lobbying policymakers here, the operator of the regional power grid, and Washington officials for lucrative financial incentives for its three nuclear units in South Jersey, which are facing economic challenges due to cheap natural gas …

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