PR Newswire | Apr 27, 2021 11:37AM EDT

Additional Three Years to New Jersey's Nuclear Plants

04/27 10:36 CDT

PSEG Applauds BPU's Decision to Extend Zero Emission Certificates (ZECs) for an Additional Three Years to New Jersey's Nuclear Plants NEWARK, N.J., April 27, 2021

NEWARK, N.J., April 27, 2021 /PRNewswire/ -- Today, the New Jersey Board of Public Utilities (BPU) unanimously voted to extend the Zero Emission Certificates (ZECs) for New Jersey's three nuclear power plants, Hope Creek and Salem 1 and 2, for an additional three years.

In 2018, the New Jersey Legislature and Gov. Phil Murphy enacted legislation that established a Zero Emission Certificate program to preserve nuclear plants that provide more than 90% of the state's carbon-free electricity. In the state's Energy Master Plan and the Department of Environmental Protection's Global Warming Response Act 80x50 report, New Jersey indicated its intent to preserve its carbon-free nuclear generating resources into the 2050s to meet its 100% clean energy goals.

PSEG stated: "We are pleased with the New Jersey Board of Public Utilities' unanimous decision to extend the ZECs at the current rate to help support New Jersey's largest supply of carbon-free electricity. The BPU's actions today helped the environment, saved jobs and avoided higher energy costs. We appreciate the BPU's detailed review and consideration of PSEG Nuclear's ZEC applications."

About PSEGPublic Service Enterprise Group Inc. (PSEG) (NYSE: PEG) is a publicly traded diversified energy company with approximately 13,000 employees. Headquartered in Newark, N.J., PSEG's principal operating subsidiaries are: Public Service Electric and Gas Co. (PSE&G), PSEG Power and PSEG Long Island. PSEG is a Fortune 500 company included in the S&P 500 Index and has been named to the Dow Jones Sustainability Index for North America for 13 consecutive years ( https://corporate.pseg.com).

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CONTACTS:

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Carlotta.Chan@pseg.com Marijke.Shugrue@pseg.com

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SOURCE PSEG