Amato, Rumpf & Myhre Propose Micro-Modular Reactor Bills to Fight Rising New Jersey Utility Costs

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Amato, Rumpf & Myhre Propose Micro-Modular Reactor Bills to Fight Rising New Jersey Utility Costs

https://www.senatenj.com/m/newsflash/home/detail/1368

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Amato, Rumpf & Myhre Propose Micro-Modular Reactor Bills to Fight Rising New Jersey Utility Costs

State legislators filed a package of bills to redirect regional greenhouse gas funds toward the deployment of micro-modular reactors. The measures seek to address climbing consumer electricity prices by establishing financial incentives for new nuclear energy projects that can generate localized power.

9th Legislative District State legislators Senator Carmen Amato, Jr., Assemblyman Brian Rumpf, and Assemblyman Gregory Myhre have introduced first-of-its-kind legislation within the State, aimed at fi

The 9th Delegation's legislation, S-4878/A-5727 and S-4849/A-5726, would amend the existing "Power NJ Act" while also repurposing funding from New Jersey's commitment to the Regional Greenhouse Gas Initiative (RGGI) to provide further financing for new emerging technologies within the energy sector.

Most notably, the intent of these legislative initiatives is to provide incentives for development of Micro-Modular Reactors (MMRs) within the state.

Read the full article at senatenj.com:
https://www.senatenj.com/m/newsflash/home/detail/1368