New Jersey should have diverse energy sources, including offshore wind energy, but the state needs to be mindful of the cost to ratepayers, NJBIA told the NJ Board of Public Utilities (BPU). “The cost of this investment will ultimately be recovered from ratepayers who are already paying among the highest prices in the nation,” said […]
Noting New Jersey now has the highest electric rates in the PJM power grid, NJBIA Chief Government Affairs Officer Chrissy Buteas raised concerns at a public hearing today about the impact the state’s offshore wind energy plan will have on ratepayers. “It will likely be these ratepayers who are asked to subsidize a long-term effort […]
The New Jersey Business & Industry Association is seeking amendments to better protect commercial and industrial ratepayers when a joint legislative committee meets on Wednesday to consider a bill that would require the Board of Public Utilities to develop regulations for nuclear power plants delivering electricity in New Jersey. The Assembly Telecommunications & Utilities Committee […]
If New Jersey can improve the effectiveness of energy storage, it could substantially cut costs and increase reliability. That’s why the New Jersey Business & Industry Association (NJBIA) is supporting legislation approved by the Senate Environment and Energy Committee today to study how energy storage could help New Jersey. Under the bill, S-3064 (Smith, D-17; […]
Andrew Musick, the New Jersey Business & Industry Association’s Vice President, Taxation and Economic Development, gave this testimony today to the Assembly Budget Committee during its hearing on the Governor’s proposed FY 2018 budget. The hearing was held at Rowan University in Glassboro.