PSEG seeks nuclear support on the tail of $4.1 billion clean energy proposal

Salem Nuclear Power Plant

EMMA FOEHRINGER MERCHANT / GTM – New Jersey’s Public Service Enterprise Group this week doubled down on claims that only state subsidies can save its three nuclear power plants. The comments come just a week after the group’s electric and gas utility presented a plan to invest $4.1 billion in clean energy.

PSEG’s push toward less carbon-intensive power, coupled with its continued emphasis on nuclear, hints at challenges confronting utilities across the country. As the more progressive of the bunch look toward a future that incorporates renewables, many are also clinging to baseload plants they view as vital to a reliable grid.

While New Jersey this spring passed a bill that supports nuclear with zero emissions credits, PSEG still has to make its case for the financial backing. Similar legislation floundered in Minnesota …

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