NJ·Bill·2024-2025 Regular Session
A 6029
Provides for allocation of $300 million from available balances collected from societal benefits charge and Global Warming Solutions Fund revenues for grants for construction of small modular nuclear reactors.
Introduced 2025-11-17Last action 2025-11-17 — Introduced, Referred to Assembly Telecommunications and Utilities Committee
Sponsor
Sauickie, Alex
Cosponsors
FantasiaDawn
⚫
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 Board of Public Utilities and the Department of Environmental Protection to allocate $300 million from existing fund balances—specifically from the societal benefits charge and the Global Warming Solutions Fund—to provide grants for constructing small modular nuclear reactors (SMRs) in New Jersey during fiscal year 2025-2026. The bill defines SMRs as nuclear fission reactors with a maximum capacity of 300 megawatts that are licensed by the U.S. Nuclear Regulatory Commission and can be built alone or in combination with other similar reactors. The stated purpose is to address New Jersey's declining electric production, which according to the bill has decreased by approximately 20 percent over the past eight years, with the funding authorization expiring on June 30, 2026.
Note
Historical import. Session: 221
Full Bill Text
https://pub.njleg.state.nj.us/Bills/2024/A6500/6029_I1.PDF