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Heated hearing on retroactive cuts to solar compliance payments; industry, advocates, and rate counsel clash
Summary
A5460, which would sharply reduce the legacy Solar Alternative Compliance Payment (SACP), drew hours of testimony from Rate Counsel, environmental groups, solar developers, utilities, unions and thousands of homeowners and school representatives; committee held the measure for discussion only.
Assembly Bill A5460, a proposal to reduce the Solar Alternative Compliance Payment (SACP) used in New Jersey’s legacy SREC program, produced prolonged, contentious testimony and was not advanced at Thursday’s committee meeting.
Brian Lipman, representing Rate Counsel, urged the committee to adopt the change to provide ratepayer relief, saying the bill would ‘‘dramatically reduce’’ SACP levels and could lower costs borne by electric customers. He and Rate Counsel estimated significant savings and framed the bill as an affordability measure.
Speakers across the solar industry, trade associations, school boards, consumer advocates, and community…
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