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NJ Releases Final State Energy Master Plan

TRENTON-The 2011 plan increases commitment to solar power, as well as encouraging the development of new sources such as natural gas. NAIOP NJ CEO Michael McGuinness tells GlobeSt.com's Debra Hazel that the plan "has something for everybody.

By Debra Hazel | Updated on December 07, 2011

TRENTON-Now issued in final form after months of delays, the State of New Jersey’s 2011 Energy Master Plan includes a significant commitment to solar power, including addressing this year’s dramatic drop in SREC prices. The state is required by a 1997 law to update the energy master plan every three years, and the most recent plan was issued in 2008. The 2011 update was delayed repeatedly this year.

According to Governor Chris Christie, the EMP offers concrete strategies to reduce some of the nation’s highest energy rates and make them comparable to costs in other regions and states, which is consistent with the recommendations of the State Strategic Plan for facilitating economic growth and lowering the cost of living for New Jersey residents.

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