A-3781

Primary Sponsor:
DeAngelo, Wayne P.
Speight, Shanique

STATEMENT:
The Assembly Appropriations Committee reports favorably
Assembly Bill No. 3781 (1R).
This bill requires the Board of Public Utilities (BPU) to develop
and implement a program to promote women-owned, minority-owned,
veteran-owned, and lesbian, gay, bisexual, transgender, or questioning
(LGBTQ)-owned energy businesses in the State.
The bill authorizes the program to include public information campaigns, marketing, advertising, the provision of incentives, or other means and methods determined appropriate by the BPU. The
bill establishes certain target percentages for the energy procured by businesses and public entities that utilize electric power or gas suppliers. These target percentages are to culminate, in the fourth energy year after the program is established and thereafter, with the goal that 25 percent of the energy procured by businesses and public entities that utilize board-licensed energy agents, energy consultants, or private energy aggregators be sourced utilizing a women-owned, minority-owned, veteran-owned, or LGBTQ owned energy business.
The bill establishes certain requirements for determining which businesses qualify for the program and directs the BPU to develop an application process for businesses that seek to participate in the program. Finally, the bill requires the BPU and electric and gas public utilities in the State to post a list of approved energy businesses on their Internet websites and requires the BPU to track the progress of the program in meeting the targets established by the bill and to post updates on the BPU’s Internet website.