Yet another state will support nuclear power plants with subsidies as New Jersey regulators last week officially approved a zero emissions credit (ZEC) program that both gas-fired generators and environmental groups had fought.
Articles from Nuclear
Yet another bill to support struggling nuclear power plants with state subsidies has been introduced, this time in Ohio, where FirstEnergy Corp. subsidiaries have announced plans to close the state’s two reactors without legislation or market reform to help them. The natural gas industry immediately decried the legislation as it continues to fight similar proposals nationwide.
Incentives for nuclear power plants being advanced in various parts of the country appeared to gain ground Monday when the U.S. Supreme Court denied the Electric Power Supply Association’s (EPSA) petition challenging state subsidies for the facilities in New York and Illinois.
The natural gas industry went before Pennsylvania lawmakers to again spar with representatives of the nuclear power sector, who pushed in recent testimony before the state Senate’s consumer protection committee for passage of a bill requiring electric distribution companies and suppliers to purchase credits from nuclear plants.
Natural gas-fired electricity output exceeded coal-fired generation last year for the first time in the history of the nation’s largest grid operator PJM Interconnection, according to a report released last week by its independent market monitor.
Legislation has been introduced in Pennsylvania to support nuclear power plants that face stiff competition from natural gas in the wholesale markets by requiring electric distribution companies and suppliers to purchase credits from the facilities.
Trade associations representing the oil and gas industry are urging the U.S. Supreme Court to find that state subsidies used to prop up uneconomic nuclear power plants are unfair because they interfere with FERC’s exclusive authority over wholesale rates in the energy market.
Pennsylvania lawmakers are circulating memos in both the state House and Senate seeking sponsors for legislation that would better support the state’s five nuclear power plants as the facilities continue to face stiff competition from other generation sources such as natural gas.
The Electric Power Suppliers Association (EPSA), which overwhelmingly represents independent natural gas-fired electricity generators across the country, has petitioned the U.S. Supreme Court to hear its challenge against subsidies for nuclear power plants in New York and Illinois.
A bipartisan group of Pennsylvania lawmakers has advanced recommendations for supporting five nuclear power plants in the state that face stiff competition in wholesale electricity markets, setting the stage for a continued battle with the natural gas industry and other interests opposed to any kind of government intervention.