New Jersey Lawmakers Push Nuclear Reactor Incentives

Micro-modular reactors can produce an estimated 20 megawatts of electricity, enough to power more than 15,000 households. New Jersey lawmakers from the 9th Legislative District introduced two bills on Oct. 30 to incentivize the development of this technology within the state.

Sen. Carmen Amato Jr., Assemblyman Brian Rumpf, and Assemblyman Gregory Myhre announced the measures, designated S-4878/A-5727 and S-4849/A-5726. The legislation aims to address rising utility costs by amending the existing Power NJ Act. The bills would repurpose funding from New Jersey’s commitment to the Regional Greenhouse Gas Initiative, or RGGI, to finance emerging energy technologies.

The delegation described the proposal as the first of its kind in New Jersey. In a joint statement, they linked the bills to concerns about affordability and energy supply. They cited failed state energy policies, particularly offshore wind projects, as drivers of the current cost-of-living crisis.

The lawmakers argued for a sustainability-first approach that embraces proven technologies. They pointed to the Oyster Creek Nuclear Generating Station in Lacey Township to illustrate the state’s changing role in the energy market. New Jersey used to export electricity when that facility was operating. Now, the state imports energy from other states to meet demand, which increases utility costs.

The statement characterized micro-modular reactors as essential for energy independence. The delegation noted that these reactors can be assembled, deployed, and activated within months. This rapid deployment allows them to serve as a supplemental energy source for growing demand.

While the output of 20 megawatts does not match the existing power plants in Salem County, the lawmakers said the reactors provide a strong supplementary source of clean energy. The bills seek to formalize this support by creating specific incentives for developers.

The 9th District delegation believes these measures will help prevent further cost increases for ratepayers. The legislation moves forward as part of the state’s effort to diversify its power grid.