"Clean Firm Energy Reliability Act;" directs BPU to establish program to procure certain electricity generation facilities in State.
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
Overview
The Clean Firm Energy Reliability Act directs the New Jersey Board of Public Utilities (BPU) to establish a program for procuring additional clean electricity generation facilities, specifically focusing on advanced nuclear reactors and other ‘clean firm’ resources. The bill aims to address rising electricity demand and capacity costs, particularly driven by PJM region needs, while leveraging existing nuclear energy capacity. It establishes a process for evaluating and potentially funding these projects through a Clean Firm Development Charge (CFDC).
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