“IT’S UNFORTUNATE THE COURTS MAY BE NECESSARY TO BRING A DOSE OF REASON TO THE DEBATE”

Trenton, NJ – Matt Fossen, spokesperson for the NJ Coalition for Fair Energy, released the following statement today after Governor Murphy signed legislation to provide a bailout to two nuclear plants owned by PSEG:

“Today’s news is a disappointment for many, and a major setback for ratepayers. While PSEG shareholders just became more prosperous, the reality is New Jersey consumers now have to confront higher electric bills for no reason other than to bail out PSEG management’s bad business decisions. We wish officials would’ve waited to make a decision until after the results of PJM’s capacity auction were announced, which will be literally only hours after the Governor’s signing, but this issue is not over – and it’s unfortunate the courts may be necessary to bring a dose of reason to the debate.”

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