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1 IN THE MATTER OF THE IMPLEMENTATION OF L. 2018 C. 16 REGARDING THE ESTABLISHMENT OF A ZERO EMISSION CERTIFICATE PROGRAM FOR ELIGIBLE NUCLEAR POWER PLANTS -- rank: 1000

... five statutory A-3939-18 4 eligibility criteria codified at N.J.S.A. 48:3-87.5(e) and should receive ZECs. In this appeal, we address ... incurred by the [B]oard to administer the ZEC program. [N.J.S.A. 48:3-87.5(e).] The central issue in this appeal is the satisfaction ... cover its costs and risks including its risk- adjusted capital. [N.J.S.A. 48:3-87.5(a).] For purposes of this subsection, operational risks include, but ... nuclear plants to receive ZECs, all of which were met. N.J.S.A. 48:3-87.5(b), (c), (d). The selected nuclear power plants must certify ... eligible for ZECs pursuant to the ZEC Act's requirements. N.J.S.A. 48:3- 87.5(h)(2), (3). For the first energy year, the eligible ... energy year starting on the date the Board selected it. N.J.S.A. 48:3-87.5(g)(2). For each subsequent energy year, the eligible ...

docket:	a3939-18
court:	NJ Superior Court Appellate Division
decided:	2021-03-19
status:	Published
citation:
Document Size:	88800

2 IN THE MATTER OF THE APPLICATION OF PSEG NUCLEAR, LLC -- rank: 976

... plants based on certain A-2518-20 3 criteria. See N.J.S.A. 48:3-87.5(e). Participants are required to reapply to the program every ... reduced payment would not trigger the plant's closure. See N.J.S.A. 48:3-87.5(j)(3)(a). With their applications, the Salem County plants ... hours of electricity that it produced in [an] energy year,' N.J.S.A. 48:3-87.5(g)(2), i.e., 'the 12-month period from June ... A. 48:3-87.4, 48:3-51. Pursuant to N.J.S.A. 48:3-87.5(e)(1) to (5), a nuclear power plant must satisfy ... costs and risks including its risk- adjusted cost of capital. [N.J.S.A. 48:3-87.5(a).] For the purpose of such disclosures, ''operational risks' shall ... the state 'purchase ZECs . . . from each selected nuclear power plant.' N.J.S.A. 48:3-87.5(i)(2); see also N.J.S.A. 48: ...

docket:	a2518-20
court:	NJ Superior Court Appellate Division
decided:	2023-12-04
status:	Unpublished
citation:
Document Size:	53279