This bill introduces the definition of "advanced nuclear resource" (ANR) and incorporates it alongside renewable energy sources in utility services. Specifically, it amends existing laws to allow electric utilities to own, operate, and offer ANR options, which are defined as micro, mini, or small nuclear reactors with a generating capacity between 1 and 90 megawatts. The bill also sets guidelines for investments in distributed electric generation, allowing utilities to invest up to 15% of their total distribution peak load in ANRs, while maintaining a cumulative maximum of 6% for other distributed electric generation. Additionally, it clarifies the duties of the coordinator of nuclear development and regulatory activities, emphasizing the need for public education and safety outreach regarding nuclear resources.

Key insertions in the bill include the definition of ANR, the inclusion of ANR options in utility services, and the expansion of investment limits for ANRs. The bill also mandates that utilities provide educational materials about ANR options and their benefits, and it requires that any default service offered by utilities includes components from both renewable energy sources and ANRs. The bill aims to enhance the role of advanced nuclear resources in the state's energy portfolio while ensuring consumer protection and program integrity. The act is set to take effect 60 days after its passage and is noted to have no fiscal impact on state, county, or local expenditures or revenue.

Statutes affected:
Introduced: 374-F:2, 374-F:3, 374-G:4