April 12, 2018 / 8:54 PM / in 2 months

New Jersey Senate passes nuclear subsidy bill - source

April 12 (Reuters) - New Jersey Senate on Thursday passed a bill that would cost about $300 million a year to subsidize three nuclear reactors operated by New Jersey power company Public Service Enterprise Group Inc, a source familiar with the development said.

“The bill passed the New Jersey Senate by a vote of 29-7. ... We are awaiting action in the assembly,” the source said.

PSEG had said it could shut the reactors - two at Salem and one at Hope Creek - in a couple of years if they do not receive some sort of federal or state assistance. (Reporting by Nallur Sethuraman in Bengaluru; Editing by Richard Chang)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below