Establishes advanced nuclear energy procurement program in BPU.

The bill, known as the "Powering Opportunity, Workforce, and Energy Reliability for New Jersey Act" or "Power NJ Act," establishes a program for the Board of Public Utilities (BPU) to procure advanced nuclear energy facilities in New Jersey. The BPU would issue a request for expressions of interest within 180 days of the bill's enactment, with entities interested in participating having 60 days to submit an expression of interest. The BPU would review these proposals and grant provisional qualification status to projects that meet certain criteria.

Establishes advanced nuclear energy procurement program in BPU.

The bill, known as the "Powering Opportunity, Workforce, and Energy Reliability for New Jersey Act" or "Power NJ Act," establishes a program for the Board of Public Utilities (BPU) to procure advanced nuclear energy facilities in New Jersey. The BPU would issue a request for expressions of interest within 180 days of the bill's enactment, with entities interested in participating having 60 days to submit an expression of interest. The BPU would review these proposals and grant provisional qualification status to projects that meet certain criteria.