New Jersey Implements Procurement Framework for Nuclear Projects to Boost Energy Generation
Governor Mikie Sherrill of New Jersey has signed the Power NJ Act, a bipartisan bill aimed at establishing a state-led procurement framework for new nuclear generation projects. This legislation is part of New Jersey's strategy to aggressively develop new nuclear energy generation. The New Jersey Board of Public Utilities (NJBPU), in collaboration with the New Jersey Economic Development Authority (NJEDA), is tasked with creating a competitive process to procure at least 1,100 megawatts of new nuclear generation capacity. The NJBPU is expected to issue a request for expressions of interest by January 2027, with final board orders on new nuclear projects anticipated by July 2028. The law includes safeguards to protect utility customers from project development risks, requiring federal financing and a demonstration of net benefits to ratepayers before project approval. 
