Clean Energy Fund Could Be Going Under the Knife – Again

November 12, 2013 – In The News
NJ Spotlight

Steven Goldenberg was quoted in the NJ Spotlight article, “Clean Energy Fund Could Be Going Under the Knife – Again.” While the full text can be found in the November 12, 2013, issue of NJ Spotlight, a synopsis is noted below.

New Jersey is again looking at shaving money from a fund targeted at developing new and more efficient power plants, a priority the Christie administration once espoused in its Energy Master Plan.

In the most recent revision to the 2014 budget for clean energy programs, the staff of state Board of Public Utilities is contemplating reducing funding for combined heat power (CHP) and fuel-cell projects from $95.6 million to $33.2 million, according to a new budget unveiled last week by a consultant to the agency.

This is not the first time that the administration has cut incentives to spur development of CHP. The issue of repeated reduced funding for the projects is one that has long been a concern among proponents of this technology.

“To the extent that funding continues to go in and out at the program, it creates uncertainty in the marketplace, which is counterproductive and hinders the state’s efforts to develop these projects,” said Goldenberg, who has been pushing the state to develop CHP.