“PSEG SHOULD DROP ‘PUBLIC SERVICE’ FROM THEIR NAME”

Trenton, NJ – Matt Fossen, spokesperson for the NJ Coalition for Fair Energy, released the following statement today after it was reported that PSEG is canceling future capital for one of its nuclear plants in Salem County because of delays in passing its sought-after nuclear bailout bill:

“This is yet another example of nuclear owners holding their states hostage. It’s ironic that PSEG will pass on lavish dividends to their New York-based investors while at the same time threatening to withhold much-needed investments from local communities. PSEG should drop ‘public service’ from their name because the only people they’re looking to serve are their shareholders.”