
The New Jersey Board of Public Utilities on Tuesday issued a request for information to explore whether new nuclear power plants could advance the state’s goals on electricity affordability, resource adequacy and clean energy.
The RFI comes as modeling for New Jersey’s upcoming Energy Master Plan indicates New Jersey will need up to 10 GW of clean, firm capacity to maintain system reliability after 2035, partly in response to growing data center demand forecasts, the BPU said. New Jersey aims to have 100% clean electricity by 2035.
“As we work to push PJM to improve their interconnection queue to allow more resources like solar and storage to be built in the short-term, expanding our nuclear fleet offers the Garden State an opportunity to add new generation to our resource mix, improving reliability and affordability for ratepayers in the long-term,” Christine Guhl-Sadovy, BPU president, said in a press release.
New Jersey has three nuclear power reactors: the Salem 1 and 2 units, which total 2,285 MW, and the 1,172-MW Hope Creek unit. PSEG Power owns the Hope Creek plant and 57% of the Salem capacity. The rest of the Salem plant is owned by Constellation Energy. The reactors generate 40% of New Jersey’s electricity and account for 85% of the state’s emission-free generation, according to the BPU.
In the RFI, BPU staff is seeking answers to a range of questions, including how nuclear electricity production can address the needs of large loads such as AI data centers and how ratepayers can be protected from the effects of using existing nuclear power plants for data centers.
Agency staff also want to know whether New Jersey should provide financial assistance or incentives for new nuclear generating capacity and how incentive programs could be designed to support the state’s economy while protecting ratepayers.
“What environmental impacts and benefits should be considered as the state contemplates the development of new nuclear electric generating capacity in New Jersey?” BPU staff asked in the RFI.
Responses to the RFI are due on June 23.