NJ·Bill·2024-2025 Regular Session
A 5555
Provides for allocation of $100 million from available balances collected from societal benefits charge revenues for construction of new nuclear power plant.
Introduced 2026-09-24Last action 2026-09-24 — Introduced, Referred to Assembly Telecommunications and Utilities Committee
Sponsor
Guardian, Donald A.Republican
Cosponsors
None⚫
Died in Assembly committee
The 2024-2025 Regular Session ended on 2025-12-31. This bill was introduced when the session adjourned and did not advance to enactment.
Legislative Progress
✗
Introduced
2
In Committee
3
Passed Chamber
4
Enacted / Signed
Summary
This bill directs the New Jersey Board of Public Utilities to allocate $100 million from existing societal benefits charge revenues toward the construction of a new nuclear power plant in the state during the fiscal year beginning July 1, 2025. The societal benefits charge is a fee collected from utility customers that typically funds clean energy and energy efficiency programs, and this bill would redirect a portion of those accumulated funds specifically for nuclear power development. The allocation would be a one-time action, as the bill includes a sunset provision that expires on June 31, 2026 (though this appears to be a drafting error since June only has 30 days), and represents a significant state investment in expanding nuclear energy capacity in New Jersey.
Note
Historical import. Session: 221
Full Bill Text
https://pub.njleg.state.nj.us/Bills/2024/A6000/5555_I1.PDF