If you believe that climate change is the most significant challenge confronting the world today, then you should also conclude that nuclear energy must remain part of our energy supply.
Tension and criticisms surrounding a $300 million subsidy for one of the state’s largest energy providers have been building for the past two months.
A Nuclear Safety Net is Good for New Jersey
The cost 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.