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By Peter Key New Jersey Democrats last week introduced a reworked version of a nuclear bail-out bill that didn’t come to a vote in the state legislature’s recent lame-duck session. NJ Senate President Steve Sweeney (D) The bill, submitted Thursday by New Jersey Senate President Steve Sweeney and Sen. Bob...
The number of state officials and utilities announcing actions because of the Tax Cut and Jobs Act signed by President Trump last month keeps growing. The bill cut the federal corporate tax rate from 35% to 21%, and many public officials want to make sure utilities pass their savings from...
By Rory D. Sweeney Exelon and Public Service Enterprise Group will have to wait until the next session of the New Jersey Legislature for a vote on a bill to provide payments to the state’s nuclear fleet (S3560). Several sources have confirmed that Rep. Vincent Prieto (D) declined to post...
By Rory D. Sweeney TRENTON, N.J. — If opponents of nuclear subsidies in New Jersey had an opportunity to sway the opinions of state legislators on the issue, it didn’t last long. During a joint meeting Wednesday of the state Senate Environment and Energy Committee and Assembly Telecommunications and Utilities...
By Rory D. Sweeney Public Service Enterprise Group and Exelon would receive hundreds of millions in subsidies to maintain the profitability of three in-state nuclear plants under legislation introduced in the New Jersey Senate on Friday (S3560). Two of the sponsors, Sens. Stephen Sweeney and Jeff Van Drew, represent the...
By Peter Key Public Service Enterprise Group CEO Ralph Izzo said last week that the company has received “just about universal support for the continued operation” of its nuclear plants. Speaking during the company’s second-quarter earnings call on Friday, Izzo also revealed that PSEG’s Public Service Electric and Gas plans...
Don Pedro Reservoir Scheduled For Major Refurbishment in 2017 The Don Pedro Reservoir hydrofacility is scheduled for three major refurbishment projects in its Power Tunnel in 2017, costing an estimated $7 million. | Google The work will be completed in two phases, each taking about 45 days. The first phase,...
Gov. Brown Signs Sweeping Energy Bill Brown Gov. Jerry Brown signed a bill setting a target to cut greenhouse gas emissions 40% below 1990 levels by 2030, which means that residents can expect to feel more of what Brown has called the “coercive power of government.” Businesses will likely face...
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