Editorial: Consumers lose in nuclear subsidy plan

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Salem Nuclear Power Plant

NORTHJERSEY.COM – New Jersey’s nuclear subsidy idea was a loser from the start. Legislators earlier this year bowed to Public Service Enterprise Group’s insistence on financial help from consumers to keep South Jersey nuclear plants afloat — meaning to make them more profitable — and signed off on a $300 million plan.

Of course, lawmakers told us that the money merely represented a maximum, and that a Board of Public Utilities review would determine how much assistance — if any — the plants would receive. That process began last week, and officials have been tossing around a lot of political-sounding comments about extensive scrutiny of the nuclear applications — as if awards weren’t already essentially a done deal …

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