A 4881 — "Power NJ Act"; establishes advanced nuclear energy procurement program in BPU.

A4881P.L. 2R [Second Reprint] ASSEMBLY, No.

48812026, STATEc.042 OF(A4881 NEW2R) JERSEYTitle 222nd48 LEGISLATUREChapter  9A INTRODUCED(New) MAYNuclear 14,Energy 2026The  following  are Sponsoredrecodified: by:

Assemblyman C.48:9A-1 WAYNEto P.48:9A-5 (P.L.2018, c.16, ss.1-5, formerly C.48:3-87.3 to 48:3-87.7) §§1-9 C.48:9A-6 to 48:9A-14   P.L.

DEANGELO2026, DistrictCHAPTER 1442, (Mercerapproved andJuly Middlesex)13, Assemblyman 2026 DAVIDAssembly, BAILEY,No. JR.

District4881 3(Second (Cumberland,Reprint) Gloucester    An Act concerning advanced nuclear energy generation and Salem)economic Assemblyman development ROBERTin J.the State and supplementing Title 48 of the Revised Statutes.

KARABINCHAK District 18 (Middlesex) Senator  JOHN J.

BURZICHELLI District 3 (Cumberland, Gloucester and Salem) Senator  BOB SMITH District 17 (Middlesex and Somerset) Senator  NICHOLAS P.

SCUTARI District 22 (Somerset and Union)   Co-Sponsored by:

Assemblyman Angelozzi, Assemblywomen McCoy, Murphy, Assemblyman Spearman, Senators Diegnan, Tiver, Singleton and Amato         SYNOPSIS      “Power NJ Act”;

establishes advanced nuclear energy procurement program in BPU.

  CURRENT VERSION OF TEXT      As reported by the Assembly Budget Committee on June 28, 2026, with amendments.

   An Act concerning advanced nuclear energy generation and economic development in the State and supplementing Title 48 of the Revised Statutes.

     “Qualified project” means an advanced nuclear energy project approved by both the board and the authority pursuant to sections 5 and 6 of this act.

of section 5 of this act and verified by the board and the authority, with the assistance of such independent consultants as the board or the authority may retain, as being necessary, justified, and as accurate and realistic as current information permits.

     (c)(c)   aa description of the proposed project’s impact on local water resources 1[(] ,1 including cooling water usage and thermal discharge 1[)] ,1 and a plan for minimizing the physical footprint on sensitive habitats or preserved lands;

or imposes regulatory requirements that, considered together, significantly increase the total construction cost of the qualified project, as projected at the time of the change in law, provided that the qualified project entity has attempted to mitigate the effects of the change in law to the maximum extent reasonably practicable. practicable.       1[e.] f.1  Before entering into any agreement after preliminary qualification to sell electricity to a co-located energy user or to any end user through a direct power purchase agreement, the qualified project entity shall obtain board approval.  Approval of any such agreement shall include a requirement that some percentage of revenues of any direct power purchase agreement be returned to ratepayers pursuant to paragraph (2) of subsection d.

        1[e.] f.1  Before entering into any agreement after preliminary qualification to sell electricity to a co-located energy user or to any end user through a direct power purchase agreement, the qualified project entity shall obtain board approval.  Approval of any such agreement shall include a requirement that some percentage of revenues of any direct power purchase agreement be returned to ratepayers pursuant to paragraph (2) of subsection d.

     1e.  A qualified project shall not be eligible to receive an RCC for a megawatt hour of electricity generation if the qualified project also receives a zero-emission certificate pursuant to section 3 of P.L.2018, c.16 (C.48:3-87.5) for that megawatt hour of electricity generation.1                               8.  The financial and other information submitted to the board and authority pursuant to sections 4, 5, and 6 of 1[this]1 this act may be submitted on a confidential basis and shall be 1[treated and maintained as confidential by the board and the authority and shall not be subject to public disclosure, notwithstanding any law to the contrary, including the common law] subject to the confidentiality procedures set forth pursuant to N.J.A.C.14:1-12.1 et seq., or any successor regulation, and section 1 of P.L.1982, c.222 (C.48:2-16.4), including the procedures for designating, challenging, and reviewing claims of confidentiality.  The Division of Rate Counsel, in, but not of, the Department of the Treasury, or PJM’s independent market monitor may enter into nondisclosure agreements with the board, the authority, or a qualified project entity, as applicable, to receive information designated as confidential pursuant to this section for purposes of performing their respective oversight and market monitoring functions.  Nothing in this section shall be construed to limit the right of the Division of Rate Counsel to access information pursuant to section 5 of this act or the application of P.L.1963, c.73 (C.47:1A-1 et seq.) for information that is not properly designated and maintained under the applicable confidentiality procedures1.

                                            “Power NJ Act”;

establishes advanced nuclear energy procurement program in BPU.