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Monday
Jun132016

Bailout alert: PSEG quietly lobbying New Jersey for handouts to keep operating 2 nuclear plants in the state

As reported by NJ Spotlight, regarding the Salem Unit 1 and 2 atomic reactors in New Jersey near Wilmington, Delaware:

Public Service Enterprise Group officials have quietly begun lobbying administration and legislative officials about securing new financial incentives for the units -- given their ability produce power without contributing any emissions to global climate change. (emphasis added)

(That last claim is, of course, most debatable!)

Exelon Nuclear is minority owner of the Salem 1 & 2 atomic reactors. Exelon lobbyists have similarly demanded bailouts in IL, PA, and NY, in order to prop up its age-degraded, economically non-competitive atomic reactors.

(Thanks to Scott Stapf of the Hastings Group for the Tweet alerting us to this news article.)