TRENTON, NJ – Americans for Prosperity-New Jersey (AFP-NJ) today expressed opposition to any proposal to subsidize New Jersey’s nuclear power industry. The Senate Environment and Energy Committee and the Assembly Telecommunications and Utility Committee held a joint hearing this morning to discuss the economic challenges facing nuclear power plants. AFP-NJ supports a competitive energy market and opposes bailouts, taxes, and mandates that attempt to pick economic winners and losers.
“These subsidies are not just unnecessary, they are potentially harmful to our economy. New Jersey’s nuclear plants continue to be profitable, and subsidies would only increase prices for ratepayers and make it more difficult for commercial and industrial customers to stay competitive,” said AFP-NJ State Director Erica Jedynak. “Beyond that, the rushed nature of this effort to craft legislation without necessary scrutiny and transparency, during a lame duck session no less, is a loss for the people of our state. Instead of embracing a corporate welfare policy that makes the marketplace less competitive and hurts the ratepayer, the legislature should embrace a long-term view of this complex issue and let the Board of Public Utilities and PJM Interconnection do their jobs in assuring the reliability of the state electricity grid.”
For further information or an interview, reach Lorenz Isidro at LIsidro@afphq.org or (703) 887-7724.
Americans for Prosperity (AFP) exists to recruit, educate, and mobilize citizens in support of the policies and goals of a free society at the local, state, and federal level, helping every American live their dream – especially the least fortunate. AFP has more than 3.2 million activists across the nation, a local infrastructure that includes 36 state chapters, and has received financial support from more than 100,000 Americans in all 50 states. For more information, visit www.AmericansForProsperity.org