SENATE ENVIRONMENT AND ENERGY COMMITTEE

STATEMENT TO

SENATE, No. 364

with committee amendments

STATE OF NEW JERSEY

DATED:  FEBRUARY 10, 2025

      The Senate Environment and Energy Committee reports favorably and with committee amendments Senate Bill No. 364.

      As amended, this bill revises the provisions of the “Electric Discount and Energy Competition Act,” P.L.1999, c.23 (C.48:3-51 et al.) to include fusion within the definition of Class I renewable energy.

      This bill was pre-filed for introduction in the 2024-2025 session pending technical review.  As reported, the bill includes the changes required by technical review, which has been performed.

COMMITTEE AMENDMENTS:

      The committee amendments to the bill make a technical change to the bill to reflect the correct current form of law.