PSEG disputes new assessment of nuclear profits, awaits answer on state subsidies

Salem nuclear power plant, new jersey

TOM JOHNSON / NJ SPOTLIGHT – Coal and nuclear plants increased their profits last year, a finding in a new report that might undercut efforts to win subsidies for New Jersey’s three nuclear power plants.

In its annual State of the Market Report for the regional transmission organization PJM, the independent market monitor concluded that energy prices are not too low in the nation’s largest power grid, which includes New Jersey. Net revenues increased for all types of power plants, significantly so for coal and nuclear units, in 2018, according to the report …

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