S 1187

This bill directs New Jersey's Board of Public Utilities (BPU) to develop rules and regulations for small modular nuclear reactors (SMNRs), which are defined as nuclear fission reactors with a maximum capacity of 300 megawatts that can operate alone or in combination with similar units and require federal licensing. The legislation also authorizes the Economic Development Authority (EDA) to create incentives for the construction and operation of these reactors in the state. By establishing a regulatory framework and financial incentives for SMNRs, the bill aims to facilitate the development of smaller-scale nuclear power generation as an alternative energy source in New Jersey, potentially contributing to the state's clean energy goals while providing a more flexible and scalable approach to nuclear power compared to traditional large-scale nuclear plants.