Review of Exelon and PSEG Applications for Round Two Nuclear Zero Emission Credits

New Jersey Rate Counsel retained Synapse to review PSEG Nuclear and Exelon Generation's application for the Round Two Zero Emissions Credits for the Salem and Hope Creek nuclear plants. The two applicants sought the New Jersey Board of Public Utilities to provide approximately $300 million per year through 2025 to preserve the two nuclear plants. Synapse reviewed detailed financial information provided by the two applicants. Synapse provided testimony to support New Jersey Rate Counsel's position that the nuclear subsidies were not needed at the amount sought by the two applicants.