NJ Solar Bill Slammed By Retail Energy Group

Law360, New York (June 6, 2012, 5:04 PM EDT) -- A New Jersey Assembly panel on Thursday is expected to weigh legislation to stabilize New Jersey's solar market amid a trade group's protests that the measure could increase electricity costs by $307 million to $400 million annually.

The Retail Energy Supply Association is calling on lawmakers to either push back the legislation's implementation date until June 2015 or exempt existing retail supply contracts from the increased amount of solar renewable energy credits, or SRECs, that electric suppliers are required to purchase. The group contends that the...
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