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May 20, 2024

zero-emission credits (ZEC)

Biden’s Support for Nuclear ‘Too Late’ to Save Exelon Plants
Exelon’s Byron and Dresden nuclear plants depend on the Illinois legislature passing a comprehensive energy package, CEO Chris Crane said.
New Jersey Nukes Awarded $300 Million in ZECs
The New Jersey Board of Public Utilities awarded annual subsidies totaling $300 million a year to the state’s three nuclear power plants.
NJ Rate Counsel Turns to State Supreme Court over Nuke Subsidies
New Jersey’s Division of Rate Counsel appealed to the Supreme Court the dismissal of its suit seeking to block the BPU's ZEC program for nuclear plants.
NY Power Panel Debates Gas Moratorium
New York state officials and advisers disagree on the merits of a moratorium on new natural gas infrastructure.
Public Service Enterprise Group
Appeals Court Backs NJ Nuclear Subsidies
A New Jersey appellate court has dismissed a lawsuit seeking to block state subsidies for PSEG’s Salem and Hope Creek nuclear plants.
PSEG Presses for Higher Nuke Subsidies
PSEG used the company’s earnings call to lobby for increased nuclear subsidies and said it expects to sell its non-nuclear generation by the end of 2021.
NYISO, Others Rebut MOPR Complaint to FERC
NYISO and sympathetic intervenors filed comments urging FERC to reject a request that it require the ISO to implement a “clean" MOPR.
FirstEnergy Fires Jones over Bribe Probe
FirstEnergy fired CEO Charles Jones and two others over an alleged bribery scandal in Ohio after two men pleaded guilty in the scheme.
Exelon to Close Ill. Nukes as Gov. Touts Clean Energy Plan
Exelon (NASDAQ: EXC) will close 2 Illinois nuclear plants that face hundreds of millions of dollars of revenue shortfalls.
ComEd, Madigan Sued for $450M in Racketeering Suit
Illinois electric customers filed a federal civil racketeering lawsuit against ComEd and House Speaker Michael Madigan, seeking $450M in damages.

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