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New Jerseys’ nuclear subsidy Bill will have only one winner – the nuclear lobby

Nuclear subsidy a poorly considered handout, My Central Jersey, Mauricio Gutierrez, president and chief executive officer, NRG Energy, Princeton  Jan. 2, 2018 “…..The nuclear subsidy bill (S3560) currently before the Legislature creates only one winner — nuclear plant owners — and many losers, including millions of business and residential electricity customers. By giving a blatant handout to PSE&G and Exelon to prop up three of their aging nuclear facilities, this legislation amounts to a $300-$400 million energy tax on millions of electricity customers across New Jersey every year. It will increase the cost of electricity and take hard-earned taxpayer dollars out of the pockets of average citizens, only to put it in the coffers of two multi-billion dollar corporations. And it won’t create a single job or additional investment in New Jersey along the way.

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January 3, 2018 - Posted by | politics, USA

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