New Jersey ends de-facto nuclear power plant moratorium
Source: Reuters
New Jersey lifted a de-facto moratorium on new nuclear energy on Wednesday in the state, which is struggling with some of the fastest-rising power bills in the U.S. as electricity demand outpaces the addition of new supplies.
Governor Mikie Sherrill signed legislation that removes a permitting requirement that effectively banned the development of nuclear power for decades because it required a method of radioactive waste disposal that was impossible to meet, Sherrill's office said in a statement.
The state, instead, will allow permits for radioactive waste storage that are compliant with federal nuclear regulatory standards.
...
For costs to come down, we need more energy supply," said Sherrill. "New Jersey is well-positioned to be a leader in next-generation nuclear energy to help bring that supply, and we are open for business."
Read more: https://www.reuters.com/legal/litigation/new-jersey-ends-de-facto-nuclear-power-plant-moratorium-2026-04-08/
NEW YORK, April 8 (Reuters) -
Laila Kearney
April 8, 2026
4:27 PM EDT
Updated 5 hours ago
Wicked Blue
(8,918 posts)Who on earth could possibly afford the insurance coverage that nuclear energy facilities will need?
EX500rider
(12,612 posts)Miguelito Loveless
(5,778 posts)the insurer of last resort?
EX500rider
(12,612 posts)Primary Layer: Plants are required to carry the maximum amount of private insurance available, which is $500 million per reactor.
Secondary Layer: In the event of a severe accident exceeding the primary layer, all nuclear reactor companies are assessed a retrospective premium. As of 2013, this obligation is up to $121 million per reactor per accident, creating a massive shared liability pool.
Government Backstop: If damages exceed the private insurance and the industry's shared pool (estimated at over $16.1 billion), the government serves as the final insurer for remaining damages
Miguelito Loveless
(5,778 posts)Nigrum Cattus
(1,331 posts)hunter
(40,729 posts)It's not any conspiracy by the fossil fuel or utility companies.
Integrating renewable energy into a reliable electric grid is not cheap. If you skimp you get system wide blackouts. This is what took down the Iberian Peninsula electric grid in 2025.
Adding storage to an electric grid to compensate for the intermittency of wind and solar power, either batteries or pumped hydro, adds further to the cost of renewable energy.
The high cost of nuclear power in the U.S.A. is a consequence of our increasing incompetence at managing large construction projects.
The financial industry in the U.S.A. has found ways to profit from this incompetence at every level.
fujiyamasan
(1,778 posts)The only realistic way to get off coal and natural gas.