BPU gets down to job of deciding which nuclear plants will be subsidized

Salem Nuclear Power Plant

TOM JOHNSON / NJ SPOTLIGHT – The state is launching a proceeding to determine whether some of the region’s nuclear power plants need subsidies from New Jersey customers to remain open.

The process, initiated by the New Jersey Board of Public Utilities last week, could decide the fate of the state’s three largest nuclear power plants. Another, Oyster Creek, already is scheduled to close by the end of the year.

By mid-November, the regulatory agency is supposed to adopt a program that would allow eligible nuclear units to apply for up to $300 million annually from ratepayers to keep the facilities economically viable …

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