New Jersey’s nuclear subsidies could go to out-of-state plants

Salem Nuclear Power Plant

TOM JOHNSON / NJ SPOTLIGHT – If and when Gov. Phil Murphy signs a controversial bill to subsidize nuclear power, out-of-state plants could be among the beneficiaries.

At least that is the view of Ralph Izzo, chairman, CEO, and president of Public Service Enterprise Group, the giant energy company that lobbied and pushed the subsidy bill through the New Jersey Legislature.

In a quarterly earnings call with analysts Monday, Izzo acknowledged out-of-state nuclear units would be eligible to receive the subsidies, a point critics of the bill occasionally made during the months-long debate on the legislation. They were largely ignored …

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