Are there sufficient funds within the Clean Energy fund to achieve the 1,500 MW target as outlined?
No. If we did, this cost would be in the billions of dollars and would require an annual funding level of approximately $500,000,000. The rate impact of this funding level could be approximately 5 to 7 percent. Clearly it is not an option to simply “buy” our way to the RPS goals by relying only on rebates or grants to construct this capacity. We must consider other models and sources of capital. New Jersey’s Clean Energy Program is vital to this effort in that it provides both the financial incentives and market-based tools necessary to fuel growth and help drive investment.
Related Questions
- Why do the asset allocations in target date funds vary from fund company to fund company, even when the funds have the same stated target date?
- What lessons are fund sponsors likely to draw from performance of target date funds in the recent market conditions?
- Are there sufficient funds within the Clean Energy fund to achieve the 1,500 MW target as outlined?
