S.281 proposes the establishment of a Nuclear Power Study Committee in Vermont to assess the feasibility of constructing a new nuclear power generation facility. The committee will identify obstacles to such construction, including legal barriers at both the state and federal levels. It will consist of seven members, including representatives from the Public Utility Commission, Vermont Electric Power Company, ISO New England Inc., and two members each from the House and Senate, appointed by their respective leaders. The committee is tasked with reviewing the reasons for the closure of the previous nuclear facility, understanding existing legal obstacles, and gathering input from various stakeholders, including electric utilities and energy organizations.

The bill outlines the committee's operational framework, including provisions for administrative and legal assistance, meeting protocols, and a timeline for reporting findings. The committee is required to submit a written report by December 15, 2026, detailing the feasibility study and any legislative recommendations. Additionally, it includes provisions for compensation and reimbursement for committee members attending meetings. The act is set to take effect upon passage.