The New Jersey utility restructuring law includes a Renewable Portfolio Standard of 3% by 2001, rising to 6.5% by 2012. A “benefits charge” on each kilowatt-hour of electricity sold begins in 2000 and continues for eight years,
yielding $1 billion to support renewable energy and energy efficiency
programs. 25 percent of this total is earmarked for renewable energy technologies.
The law also includes a net metering provision and follows Colorado and California in its requirement that producers disclose a breakdown of its generating sources and environmentally-hazardous emissions associated with its fuel mix.
Source: Sustainable Energy Coalition Weekly Update: kbossong@cais.com
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