PSEG Applauds BPU’s Decision to Extend Zero Emission Certificates (ZECs) for an Additional Three Years to New Jersey’s Nuclear Plants
(NEWARK, N.J. – April 27, 2021) – Today, the New Jersey Board of Public Utilities (BPU) unanimously voted to extend the Zero Emission Certificates (ZECs) for New Jersey’s three nuclear power plants, Hope Creek and Salem 1 and 2, for an additional three years.
In 2018, the New Jersey Legislature and Gov. Phil Murphy enacted legislation that established a Zero Emission Certificate program to preserve nuclear plants that provide more than 90% of the state’s carbon-free electricity. In the state’s Energy Master Plan and the Department of Environmental Protection’s Global Warming Response Act 80x50 report, New Jersey indicated its intent to preserve its carbon-free nuclear generating resources into the 2050s to meet its 100% clean energy goals.
PSEG stated: “We are pleased with the New Jersey Board of Public Utilities’ unanimous decision to extend the ZECs at the current rate to help support New Jersey’s largest supply of carbon-free electricity. The BPU’s actions today helped the environment, saved jobs and avoided higher energy costs. We appreciate the BPU’s detailed review and consideration of PSEG Nuclear’s ZEC applications.”
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Public Service Enterprise Group Inc. (PSEG) (NYSE: PEG) is a publicly traded diversified energy company with approximately 13,000 employees. Headquartered in Newark, N.J., PSEG's principal operating subsidiaries are: Public Service Electric and Gas Co. (PSE&G), PSEG Power and PSEG Long Island. PSEG is a Fortune 500 company included in the S&P 500 Index and has been named to the Dow Jones Sustainability Index for North America for 13 consecutive years (https://corporate.pseg.com).