14 Feb 2011 10:02:01
New Jersey—new offshore wind rules
The New Jersey Board of Public Utilities has adopted new rules to codify new statutory requirements enacted through the Offshore Wind Economic Development Act.
The initiative is designed to provide an application process and a framework under which the board will consider and, if appropriate, approve applications for qualified offshore renewable facilities and Offshore Renewable Energy Certificates (ORECs).
Major components of the proposed rules include application requirements, the need for an escrow account, the ability for the Board to designate the application window, and the ability for the Board to impose appropriate conditions upon any OREC grant.
A "qualified offshore wind project" means a wind turbine electric generation facility in the Atlantic Ocean and connected to the electrical transmission system in this state, and includes the associated transmission-related interconnection facilities and equipment, and approved by the board.
The document explains the application process, determination of the completeness of the application, application requirements, and other related issues.