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Public Service Enterprise Group trying to force ratepayers to act as guarantors for nuclear power debts

Obligating ratepayers to act as guarantors…

…. they seek to leverage the subsidies as a means to obligate ratepayers to act as guarantors of the plants’ profitability,

It is noteworthy that PSEG never offered to return any stranded-cost payments to ratepayers and now has the temerity to argue that this $3 billion wealth transfer should not be considered in determining whether the nuclear plants require further subsidization.

Despite the efforts of PSEG and Exelon to ignore precedent and establish their preferred regulatory structure, the fact remains that the BPU and Legislature removed precisely these types of costs and risks from ratepayer responsibility long ago. 

 

March 4, 2021 - Posted by | business and costs, politics, USA

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