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New Jersey moves ahead on nuke subsidies, approving ZEC application process
Utility Dive: With New Jersey's approval of the ZEC program, and Connecticut poised to save Dominion's Millstone plant, four states may be working to keep the uneconomic nuclear units afloat. Particularly in the Northeast, where natural gas-fired generation is prevalent, there is a lot of incentive to keep carbon-free generation online.
The moves come as an increasing number of nuclear plants may face shuttering. Earlier this month, a new report from the Union of Concerned Scientists concluded more than one-third of nuclear plants in the United States are at risk of early retirement. In total, 21 of 60 facilities could be prematurely closed in the next decade.
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