Private sector poised to get go-ahead for investment in NJ public energy projects

nj environment news, electric transmission lines

TOM JOHNSON / NJ SPOTLIGHT – With government entities at all levels fiscally constrained, the state Legislature is poised to approve today a bill that would allow the private sector to invest in energy-related projects at public facilities.

The legislation (A-4535) aims to address the aging, and in many cases obsolete, energy infrastructure owned by government facilities that have long gone without upgrades and replacement because of budgetary constraints.

To advocates, the proposal represents a cost-effective way to finance projects while lowering energy costs, improving resiliency, and developing cleaner ways of meeting the facilities’ energy needs …

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