A Break in the Clouds? Inside New Jersey’s SREC Legislation

On June 25, 2012, S1925/A2966, now aligned, passed the New Jersey Senate and House. Next, the bill needs to be signed into law by the Governor, which given his recent public support is expected to be completed within the next couple weeks. The bill, which attempts to address the state’s SREC oversupply, adjusts the Renewable Portfolio Standard (RPS