New Jersey Gov. Mikie Sherrill signed legislation Monday to advance nuclear generation. The state gets about 40 percent of its energy from nuclear power, and Sherrill is touting more generation as part of her “all of the above” approach to keep energy costs down.
The bill creates a program for building a new nuclear power plant in the state, supporting at least 1,100 megawatts of capacity.
“We have the workforce, the infrastructure and the space with one of just six sites preapproved for new nuclear development across the country,” Sherrill said, referencing PSEG’s Early Site Permit from the Nuclear Regulatory Commission. “Tomorrow’s energy affordability depends on the decisions we make today with this bill.”
The details: The bill creates a program for new nuclear generation that would be borne by ratepayers for up to 40 years. It requires the state Board of Public Utilities to reject projects that would pass on “unreasonable or excessive” costs to ratepayers
