Provides for allocation of $100 million from available balances collected from societal benefits charge revenues for construction of new nuclear power plant.
This bill directs New Jersey's Board of Public Utilities (BPU) to allocate $100 million from existing funds collected through the "societal benefits charge" on electricity bills to fund construction of a new nuclear power plant. The funds would come from balances already accumulated in BPU accounts, specifically from charges paid by electricity customers. The allocation applies only to the fiscal year starting July 1, 2025, and expires June 30, 2026. This policy change provides direct state funding for nuclear plant construction, using existing utility revenue streams without requiring new taxes.
Bill status
in committee
1 of 4 stages cleared
Introduction
Apr 2025
Committee Review
Floor Vote
Governor
Introduced Apr 10, 2025
Last action Apr 10, 2025
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Full legislative history
Actions timeline
Total actions
1
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0
Committee
0
Apr 10, 2025
Introduced
Introduced in the Assembly, Referred to Assembly Telecommunications and Utilities Committee
lower
2 primary · 0 co-sponsors
Sponsors
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