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  • NJ A2217
  • Requires electric public utilities to enter into long-term contracts for certain forms of Class I renewable energy.
Introduced
(1/27/2016)
In Committee
(1/27/2016)
Crossed OverPassedSignedDead/Failed/Vetoed
2016-2017 Regular Session
This bill requires an electric public utility to enter into a contract that is between 10 and 20 years in duration for the purchase of Class I renewable energy certificates. The Class I renewable energy certificates purchased pursuant to the bill's provisions is to equal 10 percent of the Class I renewable energy certificates that the electric public utility is required to purchase in energy year 2016, 20 percent of the Class I renewable energy certificates that the electric public utility is required to purchase in energy year 2018, and 30 percent of Class I renewable energy certificates that the electric public utility is required to purchase in energy year 2020 and in every energy year thereafter. Any cost or revenue loss incurred by an electric public utility pursuant to the bill's provisions is to be recoverable in the electric public utility's next in a base rate case.
Telecommunications and Utilities
Introduced, Referred to Assembly Telecommunications and Utilities Committee  (on 1/27/2016)
 
 
Date Chamber Action Description
1/27/2016 A Introduced, Referred to Assembly Telecommunications and Utilities Committee
Date Motion Yea Nay Other
None specified