Climate Changed

New Jersey Governor Signs Nuclear Plant Bill Environmental Groups Opposed

  • Bill seen costing customers more than $300 million a year
  • Exelon, Public Service Enterprise Group own reactors in state

Photographer: Andrew Harrer/Bloomberg

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New Jersey Governor Phil Murphy plans to sign a bill requiring utility customers to spend more than $300 million a year to rescue struggling nuclear power plants run by Exelon Corp. and Public Service Enterprise Group Inc., according to a person familiar with the matter.

The legislation, approved in April by the state’s Democratic legislature, aims to keep nuclear plants operating in the state, after owners warned the facilities were no longer economic amid lower power prices.