ABC Money
Home

Nuclear being considered for NJ


Published :
Sat, 29 Sep 2007 00:02
By : Agencies
Print this Story


AddThis Social Bookmark Button

NEW BRUNSWICK, N.J. (AP) - Gov. Jon Corzine's administration has not ruled out developing nuclear energy as a way to meet the state's energy needs, a member of the governor's staff said Friday.

When asked whether the administration is considering keeping the Oyster Creek nuclear plant open or allowing another reactor to be built in Salem County as part of the state's energy master plan currently being developed by the governor's office, Angie E. McGuire, deputy chief of the governor's Office of Economic Growth said that nothing is being ruled out.

'Alternatives need to be on the table,' said McGuire. She pointed out that there has been very little new energy development in the state for years, and the state's energy needs are growing. 'We are not excluding anything.'

McGuire's comments came during a discussion of the state's energy master plan held as part of the 2007 New Jersey Clean Energy Conference put on by the state Board of Public Utilities.

The energy master plan, which is slated to be released this fall, is a blueprint of where the state expects to be getting its energy in the future and ways in which it hopes to conserve energy needs.

Nuclear energy currently accounts for about half of the state's electricity needs, according to the New Jersey Sustainable State Institute at Rutgers which has been studying energy patterns.

AmerGen, a subsidiary of Exelon Corp., is seeking a 20-year extension to its operating license for Oyster Creek, which expires in April 2009.

It and a plant in New York are the oldest nuclear power facilities in the nation. Many environmental and community groups have been arguing against the extension over safety concerns, including how to dispose of nuclear waste and how to protect the plant from attack.

Public Service Enterprise Group indicated earlier this year that it might consider building another nuclear reactor in southern New Jersey, where its Salem and Hope Creek facilities are located.

While the federal Nuclear Regulatory Commission would have the final approval on building a new reactor or extending Oyster Creek's license, but the governor's support would remove a lot of roadblocks.

Environmental groups are pushing for Corzine to rely more on renewable energy sources such as wind and solar and increasing energy efficiency in the energy master plan instead of developing nuclear sources.

Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.




Share on


 You Might Like
Tracking of nuclear parts faulted
GE-Hitachi gets $50M contract
+
HSBC, McKinsey to study Areva merger options - report UPDATE

Comment on this Article
Comment:
Title:
Name:
Please Enter
 
Here
  

 Search News

 Look For
Business
Credit cards
Finance
Loans
Money
Mortgages

 
 Stock Quotes *
SYMBOL
LAST
CHANGE
DOW JONES
8419.09
+270.00 ( 3.31 %)
NASDAQ
1449.80
+51.73 ( 3.63 %)
FTSE 100
4122.86
+57.37 ( 1.41 %)

SYMBOL ( 2008-12-02 )
LAST
CHANGE
RECKITT BENCKISER ( 11:35am )
2684.00
+70.00 ( 2.69 %)
ASTRAZENECA ( 11:35am )
2475.00
+55.00 ( 2.31 %)
BRITISH AMERICAN TOBACCO ( 11:35am )
1651.00
+51.00 ( 3.22 %)
CARNIVAL ( 11:35am )
1347.00
+51.00 ( 4.02 %)
ROYAL DUTCH SHELL-B ( 11:35am )
1653.00
+47.00 ( 2.98 %)

SYMBOL ( 2008-12-02 )
LAST
CHANGE
EXXON MOBIL CORP ( 4:02pm )
77.61
+3.30 ( 4.37 %)
IBM ( 4:01pm )
79.84
+2.94 ( 3.78 %)
JP MORGAN CHASE CO ( 4:01pm )
28.53
+2.41 ( 9.08 %)
GEN ELECTRIC CO ( 4:02pm )
17.61
+2.11 ( 13.07 %)
MERCK CO INC ( 4:02pm )
26.68
+1.83 ( 7.07 %)

SYMBOL ( 2008-12-02 )
LAST
CHANGE
ARDEN GROUP INC ( 4:00pm )
135.77
+11.04 ( 8.69 %)
DIAMOND HILL INV ( 4:00pm )
56.67
+10.42 ( 21.37 %)
GOOGLE ( 4:00pm )
275.11
+9.12 ( 3.37 %)
AMER NATL INS CO ( 4:00pm )
69.87
+8.96 ( 14.38 %)
ATRION CP ( 4:00pm )
95.29
+8.28 ( 9.10 %)

Gainers & Losers
Dow Jones
Euro Stoxx 50
FTSE 100
FTSE 250
FTSE AIM
FTSE ALL
Nasdaq

 Portfolio Manager

You must log in to access this area of the site. If you are not a registered user click here to sign up for instant access!


 Finance Explained

Money making ideas

Save money

Money management
Savings accounts
Investing money
Share dealing
Stock broker
Forex currency trading
Pension plans
Functions of Money

(c) 2007 ABCmoney.co.uk, All Rights Reserved
*ABCMoney.co.uk does not guarantee the accuracy of any share prices or stock quotations displayed. These are not real time quotes; all are delayed by at least twenty minutes and are for information purposes only.