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Critics Say NJ Nuclear Plants Don’t Need Subsidies

Despite strong opposition, a controversial nuclear subsidy bill that could pay PSE&G almost $1 billion over a 3-year period was signed into law back in May 2018.

Using publicly available data, Monitoring Analytics, LLC, the independent market monitor for PJM, argued that the “PSE&G units are economic and expected to be economic in the foreseeable future based on market data”.

E-Cubed Associates, LLC, a consultant for PJM Providers Group, a coalition of power suppliers, agrees with this assessment.

These assessments are brought back to the front burners due to the start of the process for the New Jersey Board of Public Utilities to decide what subsidies will actually be paid to the nuclear plants.

For more details, please see the NJ Spotlight article dated October 24, 2018 by Tom Johnson.

NJ Spotlight article.

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