N.J. approves $300M nuclear bailout — and your utility bill just went up

New Jersey utility customers are officially committed to paying $300 million each year for the next three years to keep the state’s three remaining nuclear reactors open. The New Jersey Board of Public Utilities decided Thursday to award Public Service Electric and Gas (PSE&G), the state’s largest utility, three “Zero Emission Certificates” — massive subsidies that have been fiercely debated in Trenton for well over a year.