PSEG's Izzo on Natural Gas, Nuclear Energy and Utilities

The transcript discusses the energy portfolio focusing on natural gas, nuclear, and solar investments. It highlights the challenges of nuclear and solar energy competing with cheap natural gas. Public perception and policy proposals for nuclear energy, including zero emission credits, are explored. The conversation shifts to state versus federal energy solutions, emphasizing the need for comparable compensation for zero-emission sources. The future of utility models and regulatory challenges, including recent EPA rules, are also discussed.

What is the primary reason the company is investing heavily in natural gas?

• Natural gas is the cheapest energy source available.

• Environmental regulations demand cleaner energy sources.

• There is a lack of investment in nuclear energy.

• Natural gas plants are easier to build.

Why is nuclear energy considered a viable option despite its high costs?

• It requires no public support.

• It is a renewable energy source.

• It operates on short run marginal costs.

• It is cheaper than solar energy.

What is the main challenge in expanding solar energy according to the discussion?

• Solar energy is more expensive than nuclear energy.

• Solar energy is not a clean energy source.

• Solar energy is not popular among policymakers.

• Solar energy requires significant public support.

What is the purpose of proposing zero emission credits for nuclear power in New Jersey?

• To phase out nuclear power in favor of renewables.

• To align nuclear power pricing with its environmental benefits.

• To make nuclear power more expensive.

• To reduce the cost of building new nuclear plants.

What is the company's stance on the relationship between nuclear and renewable energy?

• Nuclear energy should replace renewables.

• Renewables should be prioritized over nuclear energy.

• Nuclear energy is more important than renewables.

• Both should be supported equally to grow zero emission sources.

How does the company view the future of the utilities model?

• The current model will remain unchanged.

• Utilities will become obsolete.

• There will be a shift towards a more distributed grid.

• The model will focus solely on renewable energy.

What is necessary for effective emissions regulation according to the discussion?

• Ignoring climate change issues.

• Clear legislative guidance and consultation.

• Relying solely on the executive branch.

• Using existing tools for new problems.