“IT’S INCREDIBLY RICH THAT PSEG WOULD DEFLECT THIS POINT AT EVERY TURN, JUST TO ACKNOWLEDGE THE TRUTH YESTERDAY”

Trenton, NJ – Matt Fossen, spokesperson for the NJ Coalition for Fair Energy, released the following statement today after PSEG CEO Ralph Izzo admitted that legislation to subsidize two of his New Jersey nuclear plants could also give a bailout to out-of-state facilities:

“It’s been well-known for months that PSEG’s nuclear bailout bill would send money to generators outside of New Jersey, yet only now has the company conceded this could be true. It’s incredibly rich that PSEG would deflect this point at every turn, just to acknowledge the truth yesterday – well after the proposal has gone through its main debate and deliberation. That might be a convenient strategy for PSEG, but it’s a detail that should’ve been stated forthrightly to lawmakers and ratepayers long ago, especially since New Jerseyans are not interested in bailing out plants outside their borders.”

Izzo’s comments come on the heels of a third party public opinion poll which showed that 64% of New Jersey voters do not support subsidizing PSEG’s plants and that 46% are less likely to vote for a politician who votes for a subsidy bill. The same data showed that 66% of voters are less likely to vote for a politician who supports a proposal which subsidizes out-of-state generators.