New Jersey Legislature Should Reject the Nuclear BailoutCategorized in: blogrightrails, National, Natural Gas, New Jersey
Should rate payers have to pay higher prices to prop up the nuclear industry?
The answer is no. Nuclear power plants aren’t making enough money in New Jersey’s electricity market, so state legislators want the people of New Jersey to pay them a subsidy to protect their earnings. The money they want will come out of ratepayers’ pockets.
If the nuclear industry cannot compete with alternative forms of energy, then it should not be up to us to subsidize the owners of these plants. Government interference in favor of nuclear power will help that industry at the expense of the average New Jersey resident. That is not the right thing for the government to do. There is no good reason for legislators to force residents to pay more for electricity to make these plants more profitable.
The New Jersey Legislature should stand up for families and businesses by rejecting the nuclear bailout.