For more than 40 years, nuclear energy has powered millions of New Jersey homes and businesses with clean, safe, reliable and affordable electricity.
Today, PSEG’s nuclear plants at Salem and Hope Creek have become an indispensable part of the state’s energy mix – providing nearly half of the 24/7 supply of power generated in New Jersey – power that is essential to New Jersey’s economy and environment.
Nuclear provides enormous benefits to New Jersey:
Nuclear is an important part of a diverse energy mix that also includes natural gas and renewables. And fuel diversity is important. Nuclear provides nearly 50 percent of the electricity generated in New Jersey. Putting all of our eggs in one fuel basket increases reliability risk leaving New Jersey vulnerable to supply disruptions (due to accidents or shortages) and sharp price fluctuations. Fuel diversity helps keep customers’ lights on and bills affordable.
Nuclear energy supports New Jersey’s economy. Businesses require a reliable, around-the-clock supply of affordable energy to stay up and running. But our nuclear plants also contribute jobs and stimulate the economy – supporting more than 4,000 direct, indirect and contractor jobs in Salem County, as well as tens of millions of dollars’ worth of purchases and taxes each year to suppliers and government throughout the state.
Finally, Nuclear is clean and air pollution-free. Nuclear energy today provides 97 percent of clean energy generated in New Jersey. According to the U.S. Energy Information Administration, nuclear energy significantly reduces pollutants that cause acid rain, toxic particulates and ozone smog – which contribute to chronic health conditions such as asthma and pulmonary disease. That’s good for public health.
And nuclear in New Jersey emits no carbon. If we had to replace our nuclear plants with generation fueled by gas and coal it would increase the release of 14 million tons of carbon dioxide– equal to 3 million more cars on the road.
Solar is also clean, but this is a relatively young industry that, for now, cannot meet New Jersey’s 24/7 energy demands (solar currently provides less than 2 percent of the energy generated in the state). PSEG has invested more than $1 billion in solar but, because of technological and economic hurdles, the state is still decades from when solar can match nuclear’s output – an around-the-clock energy supply, enough for 2.7 million New Jersey homes.
Today, a group of stakeholders that share a common goal in support of nuclear energy, have launched a website, NJ Needs Nuclear, to help educate the public about the tremendous benefits that nuclear brings to the state – its critical contributions to the state’s economy, to our clean air, and to our customers’ needs for safe, affordable and reliable electricity.
I encourage you to check it out and learn more about why NJ Needs Nuclear.
Chairman, President & CEO PSEG