A 3921
Revises State renewable energy portfolio standards.
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- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill revises New Jersey’s renewable energy portfolio standards, requiring a certain percentage of electricity to come from renewable sources. It updates definitions related to energy generation and supply, including terms like ‘assignee,’ ‘base load electric power generation facility,’ and ‘basic generation service.’ The bill also addresses issues related to stranded costs and bondable transition property, aiming to facilitate the state’s transition to a cleaner energy grid.
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