The New Jersey Board of Public Utilities has unanimously voted to extend until May 2025 roughly $300 million in annual subsidies for three nuclear reactor units at the Hope Creek and Salem nuclear power stations.
The board said the decision to approve the zero emissions certificates (ZECs) ensures that the plants, which supply the state with over 90% of in-state carbon-free generation and 37.5% of its overall in-state energy supply, will remain operational.
“The board’s decision secures the single largest source of the state’s overall clean energy power supply, which would otherwise be replaced by sources such as fossil gas, increasing emissions at a time when combatting the climate crisis amid a worldwide pandemic is paramount,” a statement said.
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