DOW JONES NEWSWIRES
Regulators granted Public Service Enterprise Group Inc. (PEG)
renewed licenses for two of its nuclear reactors in New Jersey,
saying the plant where they are located is safe despite renewed
public concern after the Fukushima Daiichi disaster in Japan.
Both units at PSEG's Salem Nuclear Generating Station received
renewals for 20 more years. The Salem plant's two pressurized-water
reactors are in southern New Jersey, about 18 miles south of
Wilmington, Del. The licenses for Units 1 and 2 will expire in 2036
and 2040, respectively.
The Nuclear Regulatory Commission said lessons learned from
meltdowns in Japan following that country's March earthquake will
apply to the agency's future recommendations for Salem and other
U.S. plants. A task force will deliver its near-term report to the
NRC on July 12, while a longer-term review's report is expected in
about six months.
PSEG shares were off 0.4% at $32.51 after-hours Thursday after
gaining 1.2% during the session. The stock has climbed 4.2% over
the past 12 months.
-By Drew FitzGerald, Dow Jones Newswires; 212-416-2909;
Andrew.FitzGerald@dowjones.com