Directs BPU to update interconnection standards for Class I renewable energy sources and develop fixed fee structure for interconnection costs.
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Progress
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- Introduced
- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
Overview
This bill directs the New Jersey Board of Public Utilities (BPU) to update interconnection standards for Class I renewable energy sources and establish a fixed fee structure for interconnection costs. Specifically, the BPU must adopt rules ensuring safety and power quality, aligning with model standards from the Interstate Renewable Energy Council. It also mandates the creation of ‘grid modernization fees’ paid by renewable energy project owners to cover interconnection expenses, including infrastructure upgrades, with tiered fee structures and potential adjustments every three years. The bill also addresses cost recovery for utilities and requires a report on implementation and economic impact.
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