Title: Establishes Zero-Emissions Certificate Program for Nuclear Power Plants
Vote to pass a bill that establishes a zero-emission certificate program for nuclear power plants.
Requires nuclear power plants seeking to participate in the zero-emissions certificate (ZEC) program meet the following requirements, including, but not limited to (Sec. 3):
Is licensed to operate by the United States Nuclear Regulatory Commission;
Demonstrates that it makes significant contributions to the state air quality; and
Provides financial information demonstrating that the plant will cease operations.
Defines “Zero-Emission Certificate” as a certificate issued by the board that represents the fuel diversity, air quality, and other environmental attributes of 1 megawatt-hour of electricity generated by an eligible nuclear power plant (Sec. 6).
Defines “eligible nuclear power plant” as a nuclear power plant certified by the New Jersey Board of Public Utilities to allow it to participate in the ZEC program (Sec. 2).
Requires each public utility customer in the state pay an average utility rate increase of $41 per year (Sec. 6).
Title: Establishes Zero-Emissions Certificate Program for Nuclear Power Plants
Vote to pass a bill that establishes a zero-emission certificate program for nuclear power plants.
Requires nuclear power plants seeking to participate in the zero-emissions certificate (ZEC) program meet the following requirements, including, but not limited to (Sec. 3):
Is licensed to operate by the United States Nuclear Regulatory Commission;
Demonstrates that it makes significant contributions to the state air quality; and
Provides financial information demonstrating that the plant will cease operations.
Defines “Zero-Emission Certificate” as a certificate issued by the board that represents the fuel diversity, air quality, and other environmental attributes of 1 megawatt-hour of electricity generated by an eligible nuclear power plant (Sec. 6).
Defines “eligible nuclear power plant” as a nuclear power plant certified by the New Jersey Board of Public Utilities to allow it to participate in the ZEC program (Sec. 2).
Requires each public utility customer in the state pay an average utility rate increase of $41 per year (Sec. 6).
Title: Establishes Zero-Emissions Certificate Program for Nuclear Power Plants