Business Report: NJ Supreme Court declines to hear PSEG ratepayer-subsidies case

Some surprised by the top court's decision

A case challenging subsidies paid by PSEG customers to support its nuclear plants has gone all the way to the New Jersey Supreme Court. And the court has declined to hear the appeal. The New Jersey Rate Counsel and others were challenging the 2019 decision to award nearly $1 billion in subsidies to the utility. Without the money, PSEG argued the state’s three nuclear power plants would have to shut down because they were no longer profitable. Rate Counsel Director Stefanie Brand said she was surprised by the court’s decision. For more, check out Tom Johnson’s story.

When the COVID pandemic hit New Jersey hard in March of last year, the Hudson County Hunger Project was launched. Now the Coalition for Food & Health Equity’s hunger program, it serves 2,500 meals a week, purchasing meals from 10 area restaurants. To keep the effort going, project founder Dr. Leeja Carter applied for a grant from the New Jersey Economic Development Authority’s Sustain and Serve program, which funds organizations to buy meals in bulk. This is the final week for organizations to apply for Sustain and Serve grants, now in its second funding round.

New Jersey voters want Washington to restore unlimited property tax write-offs. NJ Spotlight News’ John Reitmeyer says before state and local tax deductions were capped in 2017, about 40% of New Jersey tax filers took advantage of the write-off. A new Fairleigh Dickinson poll finds 60% of New Jersey voters want the SALT cap eliminated.

Consumer prices rose the most in June in about 13 years. Big price jumps were seen in used cars, airline tickets and gasoline.

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