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NJ A6029
Bill
Status
11/17/2025
Primary Sponsor
Alex Sauickie
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AI Summary
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Allocates $300 million for grants to support construction of small modular nuclear reactors (SMRs) in New Jersey during fiscal year 2025-2026
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Funding comes from two existing sources: available balances from the societal benefits charge collected by the Board of Public Utilities and the Global Warming Solutions Fund managed by the Department of Environmental Protection
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Defines SMRs as nuclear fission reactors with rated electric generating capacity of no more than 300 megawatts, capable of operating alone or in combination with similar reactors at a single site, and licensed by the U.S. Nuclear Regulatory Commission
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Takes effect immediately upon enactment and expires on June 30, 2026
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Intended to address declining electric production in the state, which has decreased approximately 20 percent over the past eight years
Legislative Description
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.
Telecommunications and Utilities
Last Action
Introduced, Referred to Assembly Telecommunications and Utilities Committee
11/17/2025