On his way out, will Christie sign bill propping up solar sector?

solar energy, new jersey

TOM JOHNSON / NJ SPOTLIGHT – In his final days in office, Gov. Chris Christie will decide the fate of a bill that could direct hundreds of millions of dollars in ratepayer subsidies to back an important part of the energy sector that employs up to 6,000 people in New Jersey.

The legislation, approved without debate on the final day of the lame-duck session on Monday, is not aimed at propping up three nuclear plants in South Jersey, but instead designed to avert a collapse of the state’s solar industry.

Amidst all the hoopla about legislation to subsidize the state’s nuclear plants, hardly any attention was focused on another bill (S-2276) that could commit utility customers to paying nearly $1 billion more over the next 15 years to keep the state’s solar sector afloat, according to the New Jersey Division of Rate Counsel …

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