For Immediate Release: January 4, 2018
"TODAY IS A VICTORY FOR NEW JERSEY RATEPAYERS AND BUSINESSES ALIKE"
Trenton, NJ - Matt Fossen, spokesperson for the NJ Coalition for Fair Energy, released the following statement today regarding S. 3560, a bill pertaining to the Hope Creek and Salem Nuclear stations, after it was announced that the proposal to subsidize both plants would not be taken up during the lame duck session:
“Today is a victory for New Jersey ratepayers and businesses alike, and we applaud the legislature for seeing through PSEG’s scare tactics and protecting our state’s future. The bottom line is that financial assistance should only be issued if it’s necessary, and the last few months proved that there was no reason to provide hundreds of millions of dollars to these already-profitable plants. We thank all those in the legislature who recognized this fact - including Speaker Prieto, whose understanding of the ramifications to New Jersey’s ratepayers and energy policy was crucial.”