State Proposes Special Fund To Bankroll Energy Resiliency Projects

February 11, 2014 – In The News
NJ Spotlight

Steven Goldenberg was quoted in the NJ Spotlight article, “State Proposes Special Fund To Bankroll Energy Resiliency Projects.” While the full text can be found in the February 11, 2014, issue of NJ Spotlight, a synopsis is noted below.

The Christie administration is proposing the creation of a $210 million pot of money, backed by federal funds, to help pay for projects to improve infrastructure around New Jersey and curtail electrical outages during extreme storms.

The fund, called the New Jersey Energy Resiliency Bank, would help finance projects to ensure that critical public facilities, such as hospitals and water-treatment facilities, wouldn’t lose power for extended periods of time.

“It is essential that the state provide adequate funding to foster development of cogeneration (typically combined heat and power plants) and distributed generation,’’ said Steven Goldenberg.