S.4383

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

The bill establishes a 10-year program within the New Jersey Economic Development Authority (EDA) to provide low-cost, long-term financial support for the construction of new nuclear energy facilities in the state. These facilities should have an expected operational life of at least 60 years. The EDA is tasked with establishing fast-track procedures for permit issuance, entering into partnership agreements with federal agencies, developing incentives for private-sector participation, and creating a financing framework to minimize costs for ratepayers.