N.J. Governor Signs Nuclear Plant Bill Environmental Groups Opposed

New Jersey Gov. Phil Murphy (D) signed a bill requiring utility customers to spend more than $300 million a year to rescue struggling nuclear power plants run by Exelon Corp. and Public Service Enterprise Group Inc.

The legislation signed May 23 aims to keep nuclear plants operating in the state, after owners warned the facilities were no longer economic amid lower power prices. Murphy, who took office in January, also signed a bill calling for half the state’s energy to come from renewable power by 2030.

“To reach our clean energy goals we will need to keep these plants open ...