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Board of Public Utilities approves staff recommendations including $555,000 incentive for Beta Plastic and CSI rebid relief
Summary
At its Sept. 10 meeting the Board of Public Utilities approved multiple staff recommendations: denial of an Astral surety-bond petition, FERC-related transmission rate adjustments for electric distribution companies, a one-month extension for JCP&L to file an answer, a $555,000 incentive for Beta Plastic Corporation, adoption of an EM&V framework, publication of a NOFA for an Urban Heat Island mitigation program, and relaxed rebid rules for the third CSI solicitation.
The Board of Public Utilities on Sept. 10 approved a slate of staff recommendations that included a $555,000 incentive for Beta Plastic Corporation and changes to the third Competitive Solar Incentive solicitation.
Board staff told commissioners that the surety-bond requirement is intended to protect New Jersey customers from suppliers’ failures to pay state taxes or meet contractual commitments. Staff recommended denying trustees’ petition related to Astral’s surety-bond obligations, saying the trustees had not sufficiently identified New Jersey claimants and that many creditors listed were located outside the state or were former employees. The board voted to adopt staff’s recommendation.
Staff also presented recovery-related adjustments tied to Federal Energy Regulatory Commission-approved changes in firm transmission service charges. Based on staff calculations, a residential customer using 650 kWh would see an estimated monthly change of minus $3.80 for ACE, no change for JCP&L, a $1.22 decrease for PSE&G and a 4¢ decrease for Rockland (transcript spelling varies). The board approved the changes effective Sept. 15 and authorized the electric distribution companies to collect from or refund to BGS customers as needed.
In a regulatory compliance matter, staff told the board that JCP&L requested a one-month extension to file its answer to…
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