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New Jersey passes bills for nuke subsidies, 50% RPS, 2 GW storage target
Utility Dive: If Gov. Murphy signs the New Jersey legislation it would become the third state to enact cost supports for nuclear generators at risk of retirement. New York and Illinois also have Zero Emission Credit (ZEC) programs that aim to compensate the plants for their carbon-free power.
The existing ZEC programs are the subject of federal court challenges, with gas generators in both states arguing they infringe on FERC's authority to regulate wholesale power market prices. Analysts say a similar challenge is likely to the New Jersey bill if it is signed, but the measure contains one key difference to the existing ZEC programs.
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