New Jersey Governor Signs Nuclear Procurement Bill

New Jersey Governor Mikie Sherrill signed legislation requiring the state to procure at least 1,100 MW of new nuclear power while protecting ratepayers from cost overruns. The Power NJ Act establishes a procurement mechanism through Reliable Capacity Certificates administered by state authorities. New Jersey just created a guaranteed buyer for 1,100 MW of new nuclear capacity with a cost-control mechanism baked in. If you build modular reactors, supply critical equipment, or operate at Salem and Hope Creek, this is your procurement window.