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ARTICLE · 23 NOVEMBER 2010

New Jersey Board of Public Utilities Receives Comments Regarding Plans to Develop OREC Program

McDermott Will & Emery
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Following the signing of the Offshore Wind and Economic Development Act by New Jersey Governor Chris Christie, the New Jersey Board of Public Utilities (the BPU) has received numerous comments regarding the development of an offshore wind renewable energy certificate (OREC) program.

United StatesEnergy and Natural Resources
Gregory Lawrence
Gregory Lawrence
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Following the signing of the Offshore Wind and Economic Development Act by New Jersey Governor Chris Christie, the New Jersey Board of Public Utilities (the BPU) has received numerous comments regarding the development of an offshore wind renewable energy certificate (OREC) program. Businesses engaged in the development and production of renewable energy in the region should assess the potential impact of the suggestions received by the BPU.

On August 19, 2010, New Jersey Governor Chris Christie signed the Offshore Wind and Economic Development Act (the Act), directing the New Jersey Board of Public Utilities (the BPU) to develop an offshore wind renewable energy certificate (OREC) program to require that a percentage of electricity sold in New Jersey be from offshore wind energy. The Act set a target of at least 1,100 megawatts (MW) of wind generation from offshore projects. See McDermott's On the Subject, " The Race is On: N.J. Legislature Passes Offshore Wind

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