Steinhardt calls out Murphy on PSE&G

Republican State Chairman Doug Steinhardt wants to know if legislation to keep a Salem County nuclear plant open will benefit Gov. Phil Murphy personally.

Steinhardt says that Goldman Sachs is a major investor in PSE&G, which stands to gain up to $3 billion in state subsidies if the measure is passed, and that Murphy still has stock in his former company.

“Before Governor Murphy signs a $3 billion tax-hike on middle class New Jersey that goes straight into the pocket of a for profit company and its Wall Street investors, the public deserves to know how much Murphy could personally profit from this deal,” said Steinhardt. “Murphy is a former Goldman Sachs executive and he still rakes in millions of dollars from investments every year. Public finance records reflect that Goldman Sachs is a major investor in PSEG and that it stands to benefit tremendously from this legislation. If Governor Murphy is going to sign a multi-billion dollar tax-hike where not a single cent goes to making our schools better, communities safer, or residents healthier, we deserve some transparency on his end.”