In the three pieces attached, we see the complexity of the nuclear power argument. Two respected former Governor’s have differing views on whether or not the proposed PSE&G subsidy proposal is a good idea. The current Governor has forced a change in the prior legislation to include more perks for renewable energy.
So what is a legislature to do?
The issue is certainly complex and it raises an interesting question about the entire issue of subsidies for power generation. We have discussed this before. Some of my Libertarian friends think that renewables receive too many subsidies at the expense of older forms of power generation. My Green friends think that this is necessary to even the playing field.
Clearly, nuclear does not generate greenhouse gases…but it does generate very dangerous waste with no plan on how to store it safely. All forms of energy generation get some form of subsidy…some for more than 100 years…So, it seems to me, if New Jersey wants to subsidize its existing nuclear plants, than it has to make a policy call…
Do we want multiple forms of non-greenhouse gas power generation or do we want to continue with fossil fuels?
I think that the new legislation partially answers that question.
Of course, the devil is in the details as they say. Should there be transparency? Should Rate Counsel be involved? These questions are too complicated for this post…