The utility last month proposed adding more “stringent” financial confidentiality language to the legislation, according to correspondence between Public Service Enterprise Group officials and Christie’s administration obtained through a records request. The issue arose in New Jersey when PSEG told lawmakers last month that its nuclear plants are heading toward financial insolvency within two years. The utility asked lawmakers and Christie for a rescue financed by ratepayers, which amounts to up to $41 a year for utility customers under the proposed legislation. Christie had said he favoured keeping the state’s nuclear plants running as a way to ensure energy diversity and security. Murphy has said he believes nuclear plants are a “vital link” to the state’s future and that he wants to work with the Legislature on a measure that has nuclear and clean-energy components.

Source: National Post January 24, 2018 16:41 UTC