Directs BPU to adopt rules and regulations concerning small modular nuclear reactors; authorizes EDA to incentivize construction and operation of such reactors.

This bill directs New Jersey's Board of Public Utilities (BPU) to create rules for small modular nuclear reactors (SMRs), defined as reactors under 300 megawatts requiring U.S. Nuclear Regulatory Commission licensing. It authorizes the New Jersey Economic Development Authority (EDA) to use 60% of the Global Warming Solutions Fund to provide financial incentives for the construction and operation of SMRs. The EDA must determine grant levels, selection criteria (prioritizing projects with measurable greenhouse gas reductions), and application processes for these incentives. This directly affects the EDA, reactor developers, and potential investors in SMR projects within New Jersey.