"Small Modular Nuclear Energy Incentive Act."

New Jersey's A1841, the "Small Modular Nuclear Energy Incentive Act," creates a competitive bidding program to incentivize the construction of small modular nuclear reactors (SMRs) by offering payments per megawatt-hour of electricity produced. The Board of Public Utilities will administer this program, prioritizing projects at sites of retired nuclear, coal, or natural gas plants and including retraining for former plant workers. Eligible projects must interconnect to New Jersey's grid, with bids evaluated on price and site preference, aiming to support reliable, low-emission power generation while replacing fossil fuel infrastructure. The bill directly affects nuclear developers, utilities, and workers transitioning from retiring power plants.