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ARTICLE · 11 JANUARY 2016

New Jersey Board Of Public Utilities Revises Incentive Program

Duane Morris LLP
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At its December 16, 2015 meeting, the New Jersey Board of Public Utilities (Board) issued an order approving a revised incentive program for renewable electric storage to be installed in Fiscal Year 2016, which began July 1, 2015.

United StatesEnergy and Natural Resources
Phyllis Kessler
Phyllis Kessler
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At its December 16, 2015 meeting, the New Jersey Board of Public Utilities (Board) issued an order approving a revised incentive program for renewable electric storage to be installed in Fiscal Year 2016 (FY16), which began July 1, 2015. The renewable electric storage incentive program was initially established as a competitive solicitation in FY15 with a $3 million budget. That program resulted in 13 projects being approved by the Board, but there were insufficient funds to support all of the proposed applications. Based on comments received from interested parties following the results of the FY15 incentive program, the Board's staff recommended revisions to the program, which have now been adopted by the Board.

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