NJ Lawmakers OK Subsidy Program For Power Plants

Law360, New York (January 11, 2011, 2:49 PM EST) -- New Jersey legislators have greenlighted a bill establishing a long-term pilot program featuring subsidies for the development of in-state electricity facilities, which proponents say will lower consumers' energy costs.

The state and general assembly on Monday passed the measure, S-2381, with the General Assembly voting 57-15 with three abstentions to approve the bill and the Senate concurring with a 21-6 vote.

Sponsored by the state's Senate Environment and Energy Committee Chairman Bob Smith, D-Middlesex, and Senator Christopher “Kip” Bateman, R-Somerset, the bill aims to lower the...
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