NJ Nuclear Subsidy Makes National Headline
New Jersey’s latest $300 million a year nuclear subsidy is making national headline (see Washington Post article) as our state becomes the 4th state to offer subsidies to aging nuclear plants.
We can debate whether nascent technologies (such as solar and other renewable energy efforts) should be allowed subsidies to permit development to compete on a standalone basis.
However, should subsidies (nearly $1 BILLION over a 3-year period) be paid to NJ’s aging nuclear plants owned by for-profit companies? Without disclosure of their financial operations? By removing NJ Division of Rate Counsel (charged with representing NJ consumers at rate filing proceedings)? Paid for by ALL NJ energy consumers, whether PSE&G customers or not?
