This bill (A 2085) establishes the "Innovation Partnership" to provide state funding for nonprofit organizations that support emerging technology businesses in New Jersey. It directly affects emerging tech companies in fields like cybersecurity, biotechnology, renewable energy, and advanced materials - particularly minority-owned and women-owned businesses (defined as having at least 51% ownership by minorities or women). The key mechanism creates a state-funded "Fund" administered by the Commission on Science, Innovation and Technology, which will certify nonprofit "Innovation Partners" to provide financial assistance and resources to qualifying businesses. The bill requires these nonprofits to prioritize support for minority and women-led tech ventures, aiming to strengthen New Jersey's innovation ecosystem through targeted funding. The bill is pending before the Assembly Science, Innovation and Technology Committee.
This bill provides tax credits to electricity generators (companies operating power plants) who increase their energy output by at least 5% through qualifying infrastructure upgrades. Generators can claim credits covering up to 75% of upgrade costs or $5 million per company, whichever is lower, to offset Corporate Business Tax and gross income tax. To qualify, generators must apply for certification showing the 5% production increase, documenting specific upgrades like efficiency improvements, grid technology, or renewable energy integration. The total credits across all generators are capped at $100 million statewide, and unused credits may be carried forward for up to four tax years. The program requires documentation of actual energy production changes and prohibits double-counting with other tax benefits.
New Jersey bill A1568 requires electric utilities to create flood mitigation plans for substations that caused 24-hour or longer power outages affecting at least 5% of customers in a municipality or county within the past decade. Utilities must submit these plans within 120 days after the state utility regulator establishes flood-resistance design rules. The regulator must approve or modify plans within 180 days and mandate implementation within one year. Crucially, utilities cannot request rate increases until their approved flood mitigation plans are fully completed. This directly affects all electric utilities operating in the state with affected substations.
This Assembly Resolution (AR 93) urges New Jersey's Governor to declare an energy generation emergency due to the state's loss of 20% of its power capacity over eight years and increasing demand from data centers and AI growth. It does not create new laws but requests the Governor take action to prioritize faster development of energy infrastructure, including generation and transmission projects. The resolution aims to address New Jersey's shift from a net energy exporter to importer and reduce rising energy costs for residents and businesses.
This bill establishes a pilot program allowing solar energy projects on state and local government-owned roadside rights-of-way (land adjacent to roads, 30-100 feet from the road centerline) in New Jersey. Projects must not exceed 10 megawatts individually, with a total program cap of 200 megawatts, and must avoid disrupting traffic, safety, or road maintenance. The Board of Public Utilities, with input from the Transportation Commissioner, will review applications based on criteria like safety monitoring, environmental impact, and project size, requiring permits before construction. The pilot runs for 36 months, with possible two 12-month extensions (max 50 megawatts increase per extension) to evaluate outcomes.
This bill amends New Jersey's solar incentive program (SREC-II) to increase the state's solar energy development goal from 3,750 megawatts to 6,500 megawatts and extend the target deadline from 2026 to 2035. It maintains the existing system where solar energy producers earn SREC-II certificates for each megawatt-hour generated, which can be sold to utilities to meet renewable energy requirements. The policy directly affects solar developers, property owners with solar installations, and utilities required to comply with renewable energy standards. The change aims to accelerate solar adoption by providing long-term certainty for projects through 2035.
This bill amends New Jersey's renewable energy law to include nuclear fission power in the definition of "Class I renewable energy," allowing nuclear plants to qualify for renewable energy credits. It also creates a new Clean Baseload Technology (CBT) tax credit for electricity generated from nuclear power facilities that operate as reliable baseload sources (running at over 50% capacity). The primary beneficiaries are nuclear power plants in New Jersey, such as those at Hope Creek and Salem, which would now earn credits toward state renewable energy goals and receive tax incentives for their output. This changes how nuclear power is classified under the state's clean energy standards and provides direct financial support for its continued operation.
This bill directs New Jersey to use excess revenue from energy sales and use taxes (above the 2025 fiscal year level) into the Universal Service Fund. The fund supports utility assistance programs like the Payment Assistance for Gas and Electric Program, which helps low-income households with energy costs. It specifically allocates funds when tax collections exceed the 2025 baseline, ensuring ongoing support for these programs. The policy directly affects utility assistance programs and the households they serve.
This bill removes the 5-megawatt capacity limit for individual community solar energy projects in New Jersey's existing pilot program. It directly affects solar project developers and utility customers who participate in community solar programs by allowing projects of any size to join the program. The key change eliminates a previous restriction while maintaining other program requirements, such as minimum customer participation, low-income access standards, and credit calculation rules. The bill does not alter the program's core structure but enables larger-scale solar projects to qualify. This change applies to all community solar projects registered after the bill's enactment.
This bill (A-1331) requires New Jersey's Board of Public Utilities (BPU) to conduct a full rate review before approving any electric rate increase requested by an electric public utility. It directly affects electric utilities seeking rate hikes and the ratepayers who pay those rates. The key provision mandates that the BPU cannot approve any increase to an electric rate component without completing this comprehensive review process. The bill takes immediate effect upon enactment.
