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Consultant Selected to Guide Procurement Process for New Nuclear Energy
Building on Governor Sherrill’s signing of the Power NJ Act that launched the state’s procurement process for new nuclear energy, this week the Board appointed a consultant to guide NJBPU in developing and implementing a new advanced nuclear procurement program for New Jersey.
The winning firm, Levitan and Associates, Inc., was selected for its technical merits and because it provided the lowest average hourly costs. Levitan will fulfill a three-year engagement to support the state’s procurement of at least 1,100 MW of new nuclear generation to help New Jersey meet its growing energy needs.
“The decisions we make today will determine the future we leave our kids, so we are putting New Jersey on a path to an affordable and secure energy future,” said Governor Sherrill of the Power NJ Act that was signed in July. “I am excited to launch our state’s process to procure new, advanced nuclear power that will provide clean, reliable energy at scale for generations to come and meet our growing energy demands – from powering our small businesses, schools, and hospitals, to strengthening grid capacity and reliability.”
The Power NJ Act sets strong safeguards for ratepayers – including assuring they won’t bear any costs until a nuclear project is built and supplying energy, nor be responsible for cost overruns.
For more information, read the press release about the Power NJ Act.
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