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The NJ Board of Public Utilities (BPU)will hold a public hearing on March 22, 2012 commencing at 9:30 a.m. in its offices at 44 S. Clinton Avenue, Trenton to discuss a “straw proposal” issued on March 6, 2012 by its Staff to provide support for the development of solar generating plants in the State of New Jersey in view of the drop in the prices of solar renewable energy certificates (SRECs) from more than $600 to approximately $200 per 1000 kwh generated by the solar plant. The drop in SREC prices resulted from greater than expected installation of solar capacity in the state, which exceeded the requirements of the renewable portfolio standard for the development ...

The NJ Board of Public Utilities (“BPU” or “Board”), BPU four working groups were established by the BPU to further explore policy proposals made in the draft Energy Master Plan (“EMP”) issued July 7, 2011. The working groups were requested to present recommendations to the BPU to be incorporated in the final EMP. The BPU also established a schedule for hearings to discuss recommendations of the working groups. This post reviews recommendations made by the Clean Energy Funding Working Group which address issues related to SREC pricing. The working group’s report was issued Monday, October 10, and hearings are scheduled for October 21. At that time, the BPU ...

I am the Chair of the Subcommittee for Recent Developments of the Renewable Energy, Cleantech and Climate Change Committee (“Committee”) of NJSBA. Following is the first post in a blog that I will be writing on an on-going basis on behalf of that Committee. The mission is to cover topics and provide information of interest to the Committee, NJSBA members and the public on developments in New Jersey or relevant developments elsewhere related to renewable energy, energy efficiency, clean technologies, and climate change, all of which are covered by the Committee. The New Jersey Board of Public Utilities (”BPU”) issued its 2011 Draft Energy Master Plan (“EMP”) ...