New Jersey § 48:3-87

§ 48:3-87.

As used in this act: “ Board ” means the New Jersey Board of Public Utilities or any successor agency. “ Electric public utility ” shall have the same meaning as provided in section 3 of P.L.1999, c. 23 ( C.48:3-51 ). “ Eligibility period ” means the period of time, measured in energy years, during which a selected nuclear

power plant may receive zero emission certificates pursuant to section 3 of this act. 1 “ Eligible nuclear power plant ” means a nuclear power plant certified by the board to allow it to be selected to

participate in the program established pursuant to section 3 of this act. “ Emissions avoidance benefits ” means the benefits associated with the preservation of better air quality and other

environmental attributes caused by the production of electric energy from a selected

nuclear power plant, as well as the reduction in damage that would otherwise be caused

by carbon dioxide or other greenhouse gases or other pollutants emitted but for the

production of electric energy from a selected nuclear power plant. Such damage threatens massive economic and lifestyle disruption, and includes but

is not limited to a contribution to sea level rise, heat waves, more frequent and

severe occurrence of extreme weather events, and damage to agriculture, water resources,

public health, energy and communication systems, and the natural ecosystems that define

and support communities. “ Energy year ” or “ EY ” shall have the same meaning as provided in section 3 of P.L.1999, c. 23 ( C.48:3-51 ). “ Nuclear power plant ” means an individual electric generating unit utilizing nuclear fuel to produce electric

power. “ Selected nuclear power plant ” means an eligible nuclear power plant selected by the board to participate in the

program established pursuant to section 3 of this act. “ Zero emission certificate ” or “ ZEC ” means a certificate, issued by the board or its designee, representing the fuel

diversity, air quality, and other environmental attributes of one megawatt-hour of

electricity generated by an eligible nuclear power plant selected by the board to

participate in the program established pursuant to section 3 of this act. 1

N.J.S.A. § 48:3-87.5.