New Jersey Administrative Code
Title 14 - PUBLIC UTILITIES
Chapter 5A - NUCLEAR PLANT DECOMMISSIONING COST AND TRUST FUND REVIEW
Subchapter 1 - PURPOSE, SCOPE AND DEFINITIONS
Section 14:5A-1.1 - Purpose and scope

The rules contained in this chapter are designed to provide a mechanism of periodic review of the estimated costs of decommissioning nuclear generating stations owned by New Jersey electric utilities for the purpose of assuring that adequate funds are available at the cessation of commercial operation of each of the facilities to assure completion of decommissioning activities. The rules also set forth decommissioning trust fund reporting requirements for electric utilities and procurement guidelines for the selection of investment managers and trustees, in order to provide the Board timely information related to its oversight of the utilities' management of the funds.