Enthusiasm is continuing to trend upward in New Jersey this week as industry and government have rallied over the idea of new nuclear capacity in the state.
The Nuclear Regulatory Commission is conducting a special inspection at Hope Creek nuclear plant in New Jersey to investigate the cause of repeated inoperability of one of the plant’s emergency diesel generators, the agency announced in a February 25 news release.
The Tax Court of New Jersey has ruled that Oyster Creek’s spent nuclear fuel storage casks are subject to taxation as real property.
PSEG Nuclear LLC announced this week it will pursue subsequent license extensions to keep the three reactors at its Hope Creek and Salem plants operating for an additional 20 years. Both plants had been granted initial life extensions years ago by the Nuclear Regulatory Commission, Salem-1 and -2 on June 30, 2011, and Hope Creek on July 20, 2011.
Holtec International has agreed to pay $5 million in penalties to the state of New Jersey to avoid criminal prosecution over $1 million in tax credits that the company, along with Singh Real Estate Enterprises (SRE), sought in 2018. Holtec has also agreed to retain an independent reviewer approved by New Jersey to monitor future applications for state benefits.
The U.S. Army Corps of Engineers is safely cleaning up the former Maywood Chemical Works FUSRAP site in New Jersey.
It is the 1940s in Maywood, N.J. A new residential community has sprouted up, and the homeowners want to beautify their front lawns, so they go to a nearby property to gather some fresh topsoil. Little did they know that they’re helping to plant the seeds for one of the largest and most high-profile environmental cleanup projects in the nation.
When a nuclear power plant closes, here is what happens:
Thousands of people lose their jobs. The local economy nosedives. Air pollution increases. Reliance on natural gas, often bought from out-of-state, goes up. Electricity on the grid becomes less reliable with the loss of the most reliable source of power. And electric prices can even rise.
The New Jersey Board of Public Utilities (BPU) initiated an investigation into possible alternatives to participation in the regional capacity market administered by PJM Interconnection, New Jersey’s regional transmission organization.