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NY S08458
Bill
Status
7/16/2025
Primary Sponsor
Thomas O'Mara
Click for details
AI Summary
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Directs the New York State Energy Research and Development Authority (NYSERDA), in consultation with the Public Service Commission and Department of Environmental Conservation, to create rules facilitating construction and operation of advanced nuclear reactors including Gen III+, Gen IV, small modular reactors, and microreactors
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Creates a Nuclear Energy Coordinator position within NYSERDA to serve as a single point of contact for stakeholders navigating local, state, and federal nuclear permitting processes and to identify siting opportunities
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Establishes a Nuclear Energy Deployment Fund using moneys transferred from the Clean Energy Fund to provide competitive grants for advanced nuclear reactor projects
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Caps individual grants at $200 million, with 30% disbursed after a construction permit or combined license application is docketed with the Nuclear Regulatory Commission, and 70% after the final investment decision is made
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Requires grants to be repaid if an applicant fails to obtain an operating license, and mandates implementing regulations within 180 days of the act's effective date
Legislative Description
Enacts the "nuclear energy deployment act"; directs the New York state energy research and development authority, in consultation with the public service commission and the department of environmental conservation, to promulgate rules and regulations to facilitate the construction and operation of advanced nuclear reactors and to review and evaluate certain existing regulations and regulatory actions taken concerning nuclear energy; directs the New York state energy research and development authority to create the position of nuclear energy coordinator; directs the New York state energy research and development authority to administer grants from the nuclear energy deployment fund; establishes the nuclear energy deployment fund.
Last Action
REFERRED TO ENERGY AND TELECOMMUNICATIONS
1/7/2026