Another expert casts doubt on need for NJ to subsidize nuclear plants

Salem nuclear power plant, new jersey

TOM JOHNSON / NJ SPOTLIGHT – New Jersey should hold off awarding ratepayers’ subsidies to nuclear power plants until a federal agency decides whether to boost energy prices under a pending proposal from the regional grid operator, according to an independent economist.

The Independent Market Monitor for PJM urged a state agency to hold off a decision on granting subsidies to PSEG Nuclear and Exelon Generation who are seeking financial incentives — dubbed zero emission certificates — to keep three nuclear units in South Jersey from closing …

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