New Jersey Petroleum Council rallies against nuclear subsidies

The council argues the state is giving unfair subsidies to nuclear plants throughout New Jersey.
The council argues the state is giving unfair subsidies to nuclear plants throughout New Jersey. | File photo

The New Jersey Petroleum Council has taken part in a committee hearing and is pleading with the New Jersey State Legislature to refuse efforts that have been made in Trenton to give unfair subsidies to nuclear plants throughout the state. 

Executive Director Jim Benton explained the challenge and why it's important to prevent such changes that would injure more people that they would help.

"Legislative efforts like this would distort the competitive electricity markets that have allowed natural gas to provide affordable and reliable power to homes and businesses across New Jersey," Benton said. "Moving forward, we hope lawmakers will reject these efforts that would force consumers to shoulder the additional cost burden for nuclear plants in the state."

The forces opposing subsidies for nuclear plants is mostly bipartisan and 69 percent of the voters are against the state legislature's action in helping with subsidies. Sixty-six percent of the opposition is Democrat, 75 percent is Republican and 72 percent is independent.

Organizations in this story

American Petroleum Institute 1220 L Street, NW Washington, DC - 20005

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