PSEG nuclear subsidy bill killed in lame-duck session

Salem Nuclear Power Plant

TOM JOHNSON / NJ SPOTLIGHT – A controversial bill to subsidize nuclear power plants apparently is dead — at least in the lame-duck session scheduled to end next week, with opposition from too many quarters finally taking a toll.

The legislation, pushed by Public Service Enterprise Group for more than a year, would have asked ratepayers to pony up $300 million annually to help prop up the company’s three nuclear units in South Jersey.

The bill (S-3560), up for a vote in the Senate today, faltered in the lower house when Assembly Speaker Vincent Prieto, a Democrat from Secaucus, balked at posting it. His decision came after a meeting with Gov.-elect Phil Murphy yesterday and rising concern among some lawmakers over the bill being rushed through in the last days of the current session …

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