LATEST NEWS

PSEG CEO: Salem, Hope Creek nukes will close absent subsidies

Two nuclear plants owned by Public Service Enterprise Group will not be profitable within two years and will have to shut down if they do not receive financial support, the company's CEO said Monday.

Nuclear energy is worth saving

New Jersey’s two nuclear plants — Salem and Hope Creek — provide too many benefits to our state’s residents and businesses to stand idly by and allow them to close permanently.

The Nuclear Safety Net Bill is Good for New Jersey

The price of New Jersey losing nuclear would be 6 times the cost of preserving it.

Legislation provides significant consumer protections – if the need goes away, the support goes away.

  • The owners of a plant must open their books to New Jersey regulators to demonstrate a financial need, that need will be re-established periodically.
  • Payments to a plant would be offset by any direct or indirect support received through a federal or regional program to support nuclear.
  • Participating plants would be obligated to operate while receiving payments.
  • The cost of New Jersey’s Nuclear Diversity Certificates would be about $10/MWh, significantly less than the support given nuclear plants in Illinois ($16.50/MWh) and New York ($17.50/MWh).
NJ Building and Construction Trades Council ELEC 825 IBEW LU 94 IBEW Electrical Workers Local 102 – NJ jurisdiction IBEW Electrical Workers Local 269 NJ jurisdiction
IBEW Electrical Workers Local 456 – NJ jurisdiction IBEW Electrical Workers Local 351 – NJ jurisdiction  NJ State Pipe Trades NJ Operating Engineers 825 Local 322 Plumbers and Pipefitters South Jersey Mechanical Contractors Association Building-Construction Trades Department
Iron Workers Local 339 Camden NJ Plumbers and Pipe Fitters - Local 9 Nuclear Security Officers of America Local 855 Mechanical Contractors Association of NJ LiUNA Eastern Region