Consideration
of the Need for a New Nuclear Plant in New Jersey
Strategy
Description
The
State will hold public meetings to discuss the need for a new nuclear plant,
including siting, permitting, financing and waste disposal issues.
Energy
Savings or Energy Production
A new
nuclear plant would generate a large amount of electricity, depending on the
size of the plant.
Program
Design
The
current fleet of power plants in our State cannot be expected to supply all
of the projected electricity needs, especially when much of the fleet is
aging, expected to retire, or likely to be exporting its power. Even by
maximizing renewable energy and energy efficiency it is likely that the
State cannot meet its future energy needs without new generation. In
addition, factoring greenhouse gas emission issues and costs requires the
examination of additional nuclear power. A nuclear plant could help to
mitigate energy and capacity prices.
The
examination of building another nuclear plant in New Jersey will commence
with a series of public meetings to review the need for and siting,
permitting, financing and waste disposal issues associated with building a
new plant. The analysis of the need for a new nuclear plant will include the
feasibility of other types of technologies, including renewables with
minimal or no carbon dioxide emissions meeting the State’s electricity
needs.
Costs
to Ratepayers
Not
applicable
Savings
to Ratepayers
Not
applicable
Affected
Sector(s)
Electricity
generators, Public Utilities, Municipalities, Environmental Groups, and
Residential, Commercial and Industrial Customers
Administrative
Costs
This
initiative is not anticipated to result in additional costs to the State.
Responsible
Party
Governor’s
Office of Policy
Timeline
of Action
The
public meetings will be completed in by the fourth quarter of 2008.
Draft
EMP Strategies Develop New Low Carbon Emitting, Efficient Power Plants 46
Source
of Funding
Not
applicable
Performance
Metrics
To be
determined after completion of the public meetings.
section
from:
Draft
New Jersey Energy Master Plan Implementation Strategies