A 604 New Jersey General Assembly · 2024-2025 Regular Session

Establishes Clean Energy Technology Center and Alternative and Clean Energy Investment Trust Fund for purposes of creating clean energy-related employment opportunities; allocates revenues from societal benefits charge to support its activities.

This bill establishes a Clean Energy Technology Center within New Jersey's Board of Public Utilities and creates an Alternative and Clean Energy Investment Trust Fund. The fund will be financed with revenues from the societal benefits charge collected from electric and gas utility customers to support clean energy research, workforce training, and job creation. The Center will provide loans and loan guarantees to clean energy companies, institutions of higher education, and nonprofits to stimulate clean energy ventures and workforce development. The bill specifically prioritizes programs that create economic opportunities for low and moderate-income communities in the clean energy sector.
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2024
Committee Review
Floor Vote
Governor
Introduced Jan 9, 2024 Last action Jan 9, 2024
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Jan 9, 2024
Introduced
Introduced in the Assembly, Referred to Assembly Telecommunications and Utilities Committee
lower
2 primary · 0 co-sponsors

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