Bill > S2978

This bill revises New Jersey's state renewable energy portfolio standards. It amends the existing requirements for electric power suppliers and basic generation service providers to procure a certain percentage of their electricity from Class I renewable energy sources, such as solar, wind, and geothermal. The bill maintains the existing requirements for Class II renewable energy sources like hydropower, but increases the Class I renewable energy requirements over time, with the goal of reaching 100% Class I renewable electricity by 2045. The bill also includes provisions to limit the cost impact to customers, require a certain amount of in-state renewable generation, and establish various programs and incentives to support the development of renewable energy projects in New Jersey.

Agriculture and Natural Resources

https://www.njleg.state.nj.us/bill-search/2022/S2978