This site, provided by NERA Economic Consulting, is your primary source of information for the SREC-Based Financing Program ("Program"). It is provided for Jersey Central Power & Light Company ("JCP&L"), Atlantic City Electric Company ("ACE"), and Rockland Electric Company ("RECO"). This site will be updated regularly, so please check back often for current information and documents.
Why the SREC Program?
In New Jersey, a portion of the electricity delivered to New Jersey customers must be supplied from solar electric generation systems. In response to a directive of the New Jersey Board of Public Utilities ("BPU" or "Board"), JCP&L, ACE, and RECO are issuing a Request for Proposals ("RFP") to select solar projects with which they will enter into contracts for the purchase of Solar Renewable Energy Certificates ("SRECs"), based on the bid price of each project’s SRECs. JCP&L, ACE, and RECO have chosen NERA Economic Consulting, ("NERA") to act as the Solicitation Manager for this RFP.
JCP&L, ACE, and RECO are issuing this RFP pursuant to their filings in Dockets No. EO080990840, EO08100875, and EOO9020097 respectively. On March 13, 2009, JCP&L, ACE, BPU Staff, Rate Counsel, and the Solar Alliance entered into a Stipulation by which JCP&L and ACE agreed to coordinate to the extent possible and to use essentially the same SREC-based financing program. The Board approved this stipulation in its Order dated March 27, 2009 and all remaining issues that were not resolved by the Stipulation were subsequently resolved. On July 24, 2009, RECO, BPU Staff, Rate Counsel, and The Solar Alliance entered into a Stipulation by which RECO agreed to coordinate to the extent possible and to use a program similar to the SREC-based financing program approved for ACE and JCP&L. The Board approved this Stipulation at its July 29, 2009 agenda meeting.
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- New Jersey Clean Energy Program (NJ CEP)
- New Jersey Board of Public Utilities (BPU)
- Atlantic City Electric Company (ACE)
- Jersey Central Power & Light Company (JCP&L)
- Rockland Electric Company (RECO)