NJCEP Proposed FY24 Resource Analysis & Budget Hearing
Public hearing agenda for the NJCEP Proposed Fiscal Year 2024 Comprehensive Resource Analysis (CRA), Budget, and Program Plans. Details include meeting logistics, opening statement, process for comments, overview of budget, staff recommendations, and proposed documents for review.
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Presentation Transcript
NJCEP Proposed Fiscal Year 2024 Comprehensive Resource Analysis (CRA), Budget and Program Plans Public Hearing June 2, 2023 12:30 pm-2:30 pm
Public Hearing Agenda Welcome and Introduction Meeting Logistics Opening Statement Process and Schedule for Comments Overview of Budget Public Comments
Meeting Logistics Meeting will be recorded. All comments are public. Registered speakers first. Use raise hand function to request to provide oral comments Speakers will be unmuted to provide comment; should state name and organization. Meeting recording and PowerPoint will be available on the website.
Opening Statement Opening Statement
Process and Schedule for Comments Commenters are encouraged to file their comments directly to the specific dockets, Docket No. QO23040235 and QO23040236, using the Post Comments button on the Board s Public Document Search tool. Comments may also be submitted electronically to Board.Secretary@bpu.nj.gov in PDF or Word format with the subject FY24 CRA, Budgets and Program Plans. Please note that these comments are considered public documents for purposes of the State s Open Public Records Act. Commenters may identify information that they seek to keep confidential by submitting them in accordance with the confidentiality procedures set forth in N.J.A.C. 14:1-12.3. Any questions may be submitted via email to Board.Secretary@bpu.nj.gov, with the same subject heading as above. Comments will be accepted through 5:00 p.m. on June 12, 2023.
Proposed FY24 Documents for Review Comprehensive Resource Analysis FY24 Budget Table Compliance Filings DCE TRC Comfort Partners Charge Up NJ BPU and DPMC Designated Project List
Staff Recommendations CRA proposes twelve months of continued SBC funding. Continued funding to support key programs that expand the clean energy economy. Develop innovative programs that ensure that the State s accelerated clean energy goals are met while minimizing the impact to ratepayers. Program revisions to continue to provide an equitable, transparent, and efficient use of funding. Sets realistic expectations for program achievement.
Overview of Budget FY24 Budget Proposal (In $) Proposed FY24 Funding Levels FY24 New SBC Funding CEP Budget Category Total NJCEP + State Initiatives State Energy Initiatives Total NJCEP Energy Efficiency Programs Res Low-Income (Comfort Partners) C&I EE Programs New Construction Programs Energy Efficiency Transition State Facilities Initiative Acoustical Testing Pilot LED Streetlights Replacement Distributed Energy Resources CHP - FC Microgrids RE Programs Offshore Wind Solar Registration Total FY24 Funding 344,665,000 71,200,000 273,465,000 140,926,128 56,978,000 40,123,730 40,204,398 20,000 3,600,000 660,108,841 71,200,000 588,908,841 296,222,053 56,978,000 83,217,851 60,571,612 14,588,263 61,597,550 3,281,880 15,986,898 20,180,161 17,992,661 2,187,500 23,895,254 20,406,584 3,488,670 0 0 7,517,135 7,017,135 500,000 12,538,670 9,050,000 3,488,670
Overview of Budget (Cont.) FY24 Budget Proposal (In $) Proposed FY24 Funding Levels FY24 New SBC Funding 16,000,000 CEP Budget Category EDA Programs Clean Energy Manufacturing Fund NJ Wind R&D Energy Tech Hub Planning and Administration BPU Program Administration Marketing CEP Website Program Evaluation/Analysis Outreach and Education Memberships BPU Initiatives Community Energy Plan Grants Energy Storage Heat Island Pilot Electric Vehicle Programs Energy Bill Assistance Workforce Development Total FY24 Funding 37,912,044 0 17,228 10,000,000 6,000,000 24,983,066 5,585,000 4,242,519 1,000,000 8,125,547 5,900,000 130,000 71,500,000 3,000,000 2,000,000 25,400,942 12,493,874 68,093,398 5,585,000 12,262,234 1,500,000 41,654,552 6,924,889 166,723 142,605,931 5,574,034 24,000,000 2,500,000 84,200,000 21,831,897 4,500,000 0 66,500,000 0 0
Proposed FY24 Programs Energy Efficiency Programs Residential Low-Income Comfort Partners Commercial and Industrial C&I Buildings* Local Government Energy Audit Direct Install* New Construction Programs Energy Efficiency Transition State Facilities Initiative Acoustical Testing Pilot LED Streetlights Replacement *All or a portion of these programs have been transitioned to administration by the utilities. Funding is needed in FY24 to cover applications received prior to the closure of these programs.
Proposed FY24 Programs Distributed Energy Resources Combined Heat and Power & Fuel Cells Microgrids Renewable Energy Programs Offshore Wind Solar Registration EDA Programs Clean Energy Manufacturing Fund* NJ Wind R&D Energy Tech Hub *The remaining loans have been fully paid, so there will be no administrative costs associated with this program moving forward. In FY24, funding reflects the balance that was returned to the BPU.
Proposed FY24 Programs BPU Initiatives Community Energy Plan Grants Energy Storage Heat Island Pilot Electric Vehicle Programs Energy Bill Assistance Workforce Development
