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Bill to help New Jersey’s nuclear power plants to get vote today

– Associated Press – Thursday, January 4, 2018

TRENTON, N.J. (AP) – New Jersey lawmakers are set to vote on a roughly $300 million bill that would raise utility ratepayers’ costs to rescue the state’s nuclear power industry from what some say is impending financial ruin.

The Democrat-led state Senate is set to vote on the bill Thursday. A vote in the Democrat-controlled Assembly is pending. Estimates state the legislation could mean ratepayers would pay from $31 to $41 more annually.

PSE&G;, the state’s biggest utility, says its two nuclear plants, which account for about 40 percent of the state’s electricity production, are in danger of going broke within two years and would shut down.

The legislation has drawn significant opposition, including from the AARP, environmental groups and industrial utility ratepayers who argue that PSE&G; is opportunistically pursuing a bailout.


January 4, 2018 - Posted by | Uncategorized

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