The New Jersey Board of Public Utilities this week approved $5.3 million in incentives that could lead to a total of $13.4 million worth of energy improvements by six entities in the state.
In all, the improvements will reduce power grid demand by more than 19.5 mWh, according to the press release from the state. The investments, which will be awarded through the New Jersey Clean Energy Program, are being awarded to New Jersey Transit ($928,880); Clement & Co. ($1,435,865); Eickhoff Supermarkets ($900,000); Village Markets ($900,000); Grand LHN 1 Urban Renewal, LLC ($596,664) and New Jersey American Water ($532,333).
In October, 2015, New Jersey Natural Gas notified the New Jersey Board of Public Utility that it is implementing a bill credit totaling $76 million. The credit, due to the wholesale gas price downturn, took effect on November 1.