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  • New Jersey Lawmakers Finally Pass Nuclear Subsidy Bill

    04/12/2018 9:38:26 PM PDT · by Olog-hai
    New York Observer ^ | 04/12/18 8:01 pm | Christian Hetrick
    After months of behind-the-scenes lobbying, multiple marathon hearings and several revisions to the legislation, New Jersey lawmakers finally approved a controversial bill on Thursday to bail out the state’s nuclear power plants. The bill (S2313/A3724) cleared the state Senate by a 29 to 7 vote and passed the Assembly 60 to 10 with one abstention. It now goes to Gov. Phil Murphy’s desk. The measure would effectively impose a surcharge on ratepayers to prop up nuclear power plants owned by Public Service Electric & Gas—the state’s largest energy company—if a state board determines the plants need financial assistance. A typical...