Revises State renewable energy portfolio standards.

This bill revises New Jersey's renewable energy portfolio standards, requiring electric power suppliers and basic generation service providers to gradually increase their use of renewable energy. Starting in 2020, they must provide 21% of electricity from Class I renewable sources (solar, wind, geothermal), increasing to 35% by 2025, 50% by 2030, and 100% by 2045. The bill also specifies that beginning in 2030, at least 50% of the renewable energy certificates (RECs) used to meet these requirements must represent energy generated within New Jersey. Providers can meet these targets by purchasing and retiring RECs from eligible renewable sources.