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It is owned by PSEG Nuclear LLC and Constellation Energy. In 2019, New Jersey began providing the state's nuclear plants Zero-Emission Certificates worth $300 million a year to keep them in service. The subsidy was ended in 2024, effective June 1, 2025, as the Inflation Reduction Act provides alternative tax credits to support clean energy. [2]
In 2009, PSEG applied for a 20-year license renewal, [3] which it received in 2011 to operate until 2046. [4] With its combined output of 3,572 megawatts, the Salem-Hope Creek complex is the largest nuclear generating facility in the Eastern United States and the second largest nationwide, after the Palo Verde Nuclear Generating Station in Arizona.
Public Service Logo Logo for Public Service Electric and Gas Company (PSE&G) subsidiary, displayed on some pages on the PSEG website as of 2012. The Public Service Electric and Gas Company, commonly referred to as PSE&G, is the primary subsidiary of the Public Service Enterprise Group (PSEG) and was established in 1928.
The company that owns New Jersey's three nuclear power plants said Wednesday it will seek federal approval to operate them for another 20 years. The move comes as New Jersey makes a strong push to ...
There are two nuclear power stations in New Jersey both operated by PSEG Nuclear. [6] The Oyster Creek Nuclear Generating Station in Lacey Township, owned and operated by Oyster Creek Environmental Protection, permanently ceased operations on September 17, 2018.
Operating Nuclear Power Reactors. U.S. Nuclear Regulatory Commission (NRC). February 14, 2008 "Peach Bottom 3 Boiling Water Reactor". Operating Nuclear Power Reactors. NRC. February 14, 2008 "The Peach Bottom Atomic Energy Station". PSEG Nuclear LLC. 2008. Archived from the original on 2008-06-07
The Long Island Power Authority is the owner of the system and holder of its debt. On July 29, 2013 the state legislature passed a law implementing Governor Cuomo's plan. On January 1, 2014 PSEG rebranded the LIPA system "PSEG Long Island", effectively removing the LIPA name from the public eye.
PSEG Fossil owns a 22.84 percent share (391 net MW with peaker), while Reliant Resources, operates it. The plant is basically a twin of the Conemaugh Generating Station, also partially owned by PSEG Fossil. Key Facts: Location: Shelocta, PA MW: 1,711 Fuel: Coal Commercial Operation: Unit 1: 1967, Unit 2: 1968 Ownership: 22.84% PSEG Fossil