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New Jersey Approves $10 million Program for Energy Projects

TRENTON-Money would go for creating energy-saving alternatives like solar and wind power.

By Eric Peterson | Updated on October 13, 2000

TRENTON-The timing couldn’t be better — and the controversy more annoying. With fuel costs soaring and raising the operating costs of commercial real estate in the process, the State of New Jersey has approved creation of a $10 million interim program to finance environmentally friendly energy. But the word “interim” suggests the controversy wracking the effort.

Indeed, it’s kind of a short-term compromise to get at least some money in the pipeline for solar, wind and other energy generation efforts. Behind the scenes, the state, a half-dozen gas and electric utilities and advocates for renewal energy have been squabbling for eight months over several issues, including who will administer the fund.

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