TOM MORAN / STAR-LEDGER – PSEG announced Monday that it will halt capital improvements at its nuclear plants in South Jersey until it gets the $300 million subsidy it wants.
This is not a threat, the company says. It’s just a statement of fact. Sort of like when a mugger says, “Give me your wallet, or I’ll shoot you.”
Granted, PSEG has a real problem on its hands. Thanks mostly to fracking, cheap natural gas is now the preferred fuel. The average nuclear plant in America is 36 years old, and only one new one has come online in the last decade …
Tom Moran is the Star-Ledger’s editorial page editor.