Affordable Power Purchase Agreements Extension Act: Extends renewable energy contracts for public entities in New Jersey.
The Affordable Power Purchase Agreements Extension Act amends current law to allow certain energy contracts to be extended beyond their initial 15-year term limit, up to a total of 30 years. This applies to contracts related to energy conservation and renewable energy production. The extension is subject to conditions that prevent rates or amounts from exceeding previously contracted levels or a rate 20% below the volumetric retail rate.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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