Wayne Parry

The company that owns the former Oyster Creek nuclear power plant in Lacey Township says it wants to build four new smaller nuclear reactors at the shuttered site.

If approved by state and federal regulators, the devices would more than double the amount of electricity generated there.

Officials with Holtec International, the Camden-based company that is decommissioning the Oyster Creek site, discussed their plans Thursday for smaller reactors during a joint hearing of environmental committees from the state Assembly and Senate in Point Pleasant.

The plans come as New Jersey is struggling to secure enough energy to meet surging demand and prices.

Customers are paying about 20% more for electricity this summer, and next year's rates will increase beyond that, though the

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