Sponsored by:
Assemblyman ALEX SAUICKIE
District 12 (Burlington, Middlesex, Monmouth and Ocean)
Assemblyman DONALD A. GUARDIAN
District 2 (Atlantic)
SYNOPSIS
Provides for allocation of $100 million from available balances collected from societal benefits charge revenues for construction of new nuclear power plant.
CURRENT VERSION OF TEXT
As introduced.
An Act providing for the allocation of $100 million from available balances collected from the societal benefits charge revenues for the construction of a new nuclear power plant.
Be It Enacted by the Senate and General Assembly of the State of New Jersey:
1. Notwithstanding any provision of section 12 of P.L.1999, c.23 (C.48:3-60) or any law, rule, regulation, or order adopted pursuant thereto to the contrary, in the fiscal year commencing July 1, 2025, the Board of Public Utilities shall, from available balances accumulated in accounts of the board from funds collected through the societal benefits charge imposed pursuant to that section, allocate $100 million to fund the construction of a new nuclear power plant in the State.
2. This act shall take effect immediately and shall expire on June 31, 2026.
STATEMENT
This bill provides that in the fiscal year commencing July 1, 2025, the Board of Public Utilities (BPU) would, from available balances accumulated in accounts of the BPU from funds collected through the societal benefits charge imposed under current law, allocate $100 million to fund the construction of a new nuclear power plant in the State.