New Jersey has shut down both nuclear generator and natural gas facilities (six) to
move to green energy and coal facilities was fully phased out in 2017 - 2022. The
plant closures increased dependence on outside sources. Multi-biillions were
invested in wind energy (Ocean Wind 1 and 2), and one company went belly up.
As of 2023, NJ imported 20% of our electricity, since we consume more than we
produce. Prices are rising in 2025 by nearly 2000%.

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To shift those expenses to “the rich,” Bill A5255 is under consideration. Middle-
and higher income tax bracket families will offset the cost of energy increases for
all. Expect to see a significant increase if you are single and earn more than
$60,000, or $82,000 for a couple, or $124,000 for a family of four — per a
formula based on the 2024 FPL (Fed Poverty Level).

 

Energy providers were closed prematurely during the installation of wind farms.
We support re-opening gas and nuclear plants. Let’s not throw good money after
bad.

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