Arguments heat up as PSEG fights for state to subsidize nuclear plants

Salem Nuclear Power Plant

TOM JOHNSON / NJ SPOTLIGHT – PSEG’s threat to shut down its plants unless it “gets every penny’’ of a proposed $300 million ratepayer subsidy is “effectively holding a gun to the regulators’ head,” according to a brief filed by Rate Counsel director Stefanie Brand.

In responding to the company’s own filing last month, Brand sharply rebuked the former’s assertion it will close all its nuclear plants in South Jersey if the full subsidy, dubbed a zero-emission certificate (ZEC), is not paid to all three units there.

“The ZEC statute was not intended to provide a guarantee that these plants will not be retired, only a process for nuclear plant owners to seek subsidies based on a demonstration of economic necessity,’’ Brand said in the brief. The Rate Counsel contends PSEG has failed to make a compelling case on need …

go to article

LEAVE A REPLY

Please enter your comment!
Please enter your name here