Establishes a 10-year program in the New Jersey Economic Development Authority to support construction of new nuclear energy facilities.

The bill establishes a 10-year program in the New Jersey Economic Development Authority (EDA) to support the construction of new nuclear energy facilities with an expected operational life of at least 60 years. The EDA will establish fast-track procedures for issuing permits and approvals for new nuclear energy facilities, enter into partnership agreements with the U.S. Department of Energy and the Nuclear Regulatory Commission, develop incentives for private-sector participation, and create a financing framework to minimize costs for ratepayers.

Establishes a 10-year program in the New Jersey Economic Development Authority to support construction of new nuclear energy facilities.

The bill establishes a 10-year program in the New Jersey Economic Development Authority (EDA) to support the construction of new nuclear energy facilities with an expected operational life of at least 60 years. The EDA will establish fast-track procedures for issuing permits and approvals for new nuclear energy facilities, enter into partnership agreements with the U.S. Department of Energy and the Nuclear Regulatory Commission, develop incentives for private-sector participation, and create a financing framework to minimize costs for ratepayers.