New Jersey Considers Options To Fund Nuclear Generation

Highlights

• The New Jersey Energy Security and Affordability Act (the Act) recently was introduced in the State Legislature.
• The Act would direct the state's Board of Public Utilities (BPU) to establish an Advanced Nuclear Development Fund and Advanced Nuclear Energy Certificate program that would subsidize the construction of at least 1,200 megawatts of power from qualifying nuclear generation projects.
• The Act's proposed funding mechanisms open the door to discussing whether utility ratepayers should assist in funding nuclear generation projects.

In an effort to promote the development of advanced nuclear reactors in New Jersey, the New Jersey Energy Security and Affordability Act (the Act) recently was introduced in the State Legislature. This proposed legislation would direct the state's Board of Public Utilities (BPU) to establish 1) an Advanced Nuclear Development Fund (ANDF) through which the state's ratepayers would subsidize the construction of at