NJ Proposes Rule Changes For Alternative Energy Developers

Law360, New York (August 13, 2012, 6:46 PM EDT) -- As New Jersey's first offshore wind farm project makes its way through regulatory channels, the state Board of Public Utilities is proposing changes that clarify financial disclosures required for developers seeking to build the alternative energy projects.

In a rule proposal slated to be published in the New Jersey Register later this month, the BPU would require applicants to submit a complete financial analysis of the proposed project, which must include pro forma income statements, balance sheets, cash flow projections, a comprehensive business plan and full...
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