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State Law: When N-Plant Closes Lacey Still Gets Funds
Make Money Online Up the road and across the street from the nation's oldest nuclear power plant, there is a shopping plaza. Employee Dee Lieter of Home Town Market said that at about 4 p.m. every day three or four regulars, plant workers with ID badges, pick up dinner on their way to work. She said twice as many fishermen normally come into the store.
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Internet Business Opportunity Christine Nardi, an employee of the nearby Shore Clean Laundromat, said there are two plant workers who also visit her place.
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Free Money Other than that, Nardi said that she didn't have much connection to, or opinions about, the 650-megawatt plant, the Oyster Creek Generating Station. When asked whether the plant should be relicensed, she didn't appear concerned.
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Work At Home Business It might raise her taxes, but "personally I don't care if they keep it or leave it," Nardi said.
Executive director Annette Barbaccia said the commission essentially "stepped up to the plate" by voluntarily cutting its 2002 budget, which was passed last year. Barbaccia said the decision was made in hopes of retaining state funding for commission programs that could take a hit because of the state's budget situation. Gov. James E. McGreevey has said that he must close a $2.9 billion budget shortfall in the next five months in order to balance the state budget.
Free Online Affiliate Program The plant's original 40-year-old license expires in 2009 and owner AmerGen Energy Co. has until April 2004 to decide if it wants to send the Nuclear Regulatory Commission an application for a 20-year extension.
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Auction Coin Money Paper The average citizen might not care about what happens, but several towns, the freeholders and activist groups have all voiced opposition to the relicensing.
Franchise Business Opportunity AmerGen spokesman Dave Simon said Monday the company is still studying whether to apply for a new license.
Best Free Online Affiliate The one party that remains consistent in its backing of a new license for Oyster Creek is Lacey's government.
Blogging Money Thebillivard "Let it rip," Committeeman John C. Parker said about the continued operation of the plant if AmerGen applies and the federal government deems it safe. He said last month that his town stands to lose roughly $11.5 million a year if the power plant closes.
Best Home Based Business That amount, under the state- legislated energy tax, comes from Lacey hosting a power plant.
Affiliate Marketing Program The subject of the committeeman's concern, however, is open to debate.
Money Site Thebillivard Com Department of Treasury spokesman Matthew Golden said this week that Lacey would continue to get its $11.5 million energy tax subsidy regardless of whether Oyster Creek stays open.
Online Business Opportunity Lacey officials said they don't care what the law says now, things change and that is why they support the effort to keep the 35-year-old plant running for 20 more years.
Pay Per Click Affiliate "Maybe you believe that; I don't," Parker said about the state's guarantee to continue giving money to Lacey after the plant closes, in five years or somewhere down the line.
Cnn Money Parker said he still remembers the state taking money away from the town in the 1970s, through one of its energy tax reconfigurations, and that that amount used to be about $14 million.
Business Opportunity Lead Parker's concern about the plant closing, and what the state will do next, is part of a broader picture.
Affiliate Program Directory Six years ago there were dour predictions about what would happen if the plant closed. Former plant owner GPU Nuclear openly considered mothballing Oyster Creek. Former Township Administrator Jorge Rod described the then possible situation as "devastating."
Making Money Program Rod's concerns were at the time valid.
Work From Home Business GPU Nuclear employed 800 workers and its plant was the reason why the township received $11.8 million of its $16 million 1996 budget from what was then called the state gross receipts and franchise tax.
Internet Marketing Affiliate The year before, Lacey got $12 million, the most in the state among 567 towns that got something for hosting a utility-based facility.
Money In The Bank Anxiety was heightened when the state decided to re-configure the gross receipts and franchise tax, and fearful Lacey residents started a petition to save their funding.
Internet Home Business As quickly as they came, the fears were then gone.
Credit Card Affiliate Program The legislature guaranteed that the energy tax could not decrease in the event that a plant closed. A formula was locked in for each town.
Unclaimed Money "Laws change," Township Administrator said John F. Adams said Monday. "Yes, it's hypothetical, but it's possible," that Lacey could lose its allowance if the power plant is shut down.
Mlm Business Opportunity Adams believes that the township will lose leverage if it doesn't have a working power plant. Somebody in Trenton or somewhere else in the state could easily raise the objection that his town receives too much money if it doesn't have a functioning plant.
Ppc Affiliate Program Adams said that that the town may pursue attracting another utility, like a natural gas one, to take the place of Oyster Creek if it ceases to exist, but nothing's guaranteed. "Nobody's come that far yet," in theoretical discussions, he said.
Money Exchange Thirteen years ago, the plant under GPU Nuclear operated with 1,000 employees. Today, through downsizing, the number stands at roughly 440, according to plant spokeswoman Gina G. Scala.
Income Opportunity Home Based Adams said that number still represents a significant amount of skilled workers who will leave the area if the plant closes. That is the second major reason why town leadership wants the plant to continue.
Make Money With Affiliate Sen. Leonard T. Connors, R-Ocean, Atlantic, Burlington, a frequent critic of the plant, said that when it comes to the relicensing issue, he is worried solely about the safety of Oyster Creek. He said that that safety issue is for the NRC to decide.
Money Gram The financial considerations should not determine the relicensing decision, he said.
Home Internet Based Business By Andrew Johnson
The Press of Atlantic City - 11/25/2003
Topic: Nuclear
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