NJCEP Proposed FY25 Public Hearing and Budget Analysis
The NJCEP Proposed Fiscal Year 2025 Comprehensive Resource Analysis (CRA) includes budget and program plans to be discussed at a public hearing on May 31, 2024. The agenda covers meeting logistics, opening statements, process for comments, overview of the budget, and staff recommendations. Attendees can provide comments via specific dockets or electronically. The proposed documents for review include the FY25 budget table, compliance filings, and designated project list. Staff recommendations focus on continued SBC funding for clean energy programs in line with the State's goals.
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Presentation Transcript
NJCEP Proposed Fiscal Year 2025 Comprehensive Resource Analysis (CRA), Budget and Program Plans Public Hearing May 31, 2024 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. QO24040223 and QO24040224, 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 FY25 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, 2024.
Proposed FY25 Documents for Review Comprehensive Resource Analysis FY25 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 FY25 Budget Proposal (In $) Proposed FY25 Funding Levels FY25 New SBC Funding CEP Budget Category Total NJCEP + State Initiatives State Energy Initiatives Total NJCEP Energy Efficiency Programs C&I EE Programs New Construction Programs State Facilities Initiative Acoustical Testing Pilot LED Streetlights Replacement Distributed Energy Resources CHP - FC Microgrids Energy Storage RE Programs Offshore Wind Solar Registration Total FY25 Funding 344,665,000 71,200,000 273,465,000 55,248,963 19,375,745 35,873,218 786,161,592 71,200,000 714,961,592 195,471,296 55,811,570 60,404,447 59,991,206 3,277,175 15,986,898 93,188,194 31,500,694 1,687,500 60,000,000 23,770,070 19,643,721 4,126,349 0 0 0 44,039,929 14,539,929 0 29,500,000 5,126,349 1,000,000 4,126,349
Overview of Budget (Cont.) FY25 Budget Proposal (In $) Proposed FY25 Funding Levels FY25 New SBC Funding 29,000,000 22,000,000 7,000,000 15,949,548 10,000,000 CEP Budget Category EDA Programs 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 Clean Energy Equity Federal Grid Modernization Program State Match Electric Vehicle Programs Workforce Development Total FY25 Funding 29,000,000 22,000,000 7,000,000 65,748,942 10,000,000 7,096,055 1,500,000 40,399,757 6,602,540 0 0 22,638 5,882,117 44,793 124,100,211 16,600,211 25,000,000 82,500,000 150,590 307,783,090 119,524,165 25,000,000 162,258,925 1,000,000 0
Proposed FY25 Programs Energy Efficiency Programs Commercial and Industrial C&I Buildings Local Government Energy Audit New Construction Programs State Facilities Initiative Acoustical Testing Pilot LED Streetlights Replacement
Proposed FY25 Programs Distributed Energy Resources Combined Heat and Power & Fuel Cells Microgrids Energy Storage Renewable Energy Programs Offshore Wind Solar Registration EDA Programs NJ Wind R&D Energy Tech Hub
Proposed FY25 Programs Planning and Administration BPU Program Administration Marketing CEP Website Program Evaluation/Analysis Outreach and Education Memberships
Proposed FY25 Programs BPU Initiatives Clean Energy Equity Community Energy Grants Heat Island Pilot Residential Low Income (Comfort Partners) Residential Energy Assistance Payment Whole House Federal Grid Modernization Program State Match Electric Vehicle Programs Workforce Development
