N.J. Senate Vote on Nuclear Energy Bailout Canceled Due to StormLast Edited:
Looks like the big snow storm not only canceled school throughout the Garden State, it also canceled a vote for a new bill that could help New Jersey's nuclear power industry from going under.
Governor Chris Christie declared a State of Emergency due to the winter storm closing all government offices forcing the State Senate to cancel a session that was originally going to be held on Thursday, January 4th, to vote on a roughly $300 million bill that would raise utility ratepayers' costs.
The bill has been proposed in an effort to rescue the nuclear power industry after New Jersey's largest nuclear utility company, PSE&G, said it was in danger of going broke and could shut down in as early as two years.
The bill is estimated to raise ratepayers' costs by $31 to $41 more.
Environmental groups and industrial utility ratepayers have voiced their opposition of the bill arguing that PSE&G is opportunistically pursuing a bailout.
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