Utilities submit proposals for nuclear subsidies

Salem Nuclear Power Plant

TOM JOHNSON / NJ SPOTLIGHT – It will be months before the state decides whether customers need to subsidize nuclear power, but New Jersey’s four electric utilities are already proposing how they will recover those costs.

In filings with the Board of Public Utilities, each of the utilities submitted tariffs disclosing how they will recoup the cost of buying Zero Emission Certificates (ZECs), the potential $300 million annual subsidy aimed at propping up the state’s supply of nuclear power.

The proposals are the latest in a series of filings that could boost bills to customers by billions of dollars if approved by the regulatory agency, most stemming from two bills signed into law this spring that will transform energy policy in New Jersey …

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