In March 2009, NJBPU approved programs at Jersey Central Power and Light (JCP&L) and Atlantic City Electric (ACE) that will provide for long-term contracts for SRECs that the utilities will purchase from solar projects selected through a competitive bidding process in their service territories.

In June 2009, JCP&L and ACE selected National Economic Research Associates, Inc. (NERA) to perform the solicitation management functions associated with the companies' SREC-based financing programs approved by the BPU.  NERA has launched a web site, njedcsolar.com, which will serve as the primary source of information for the JCPL/ACE program.  On the website you can sign up for NERA's mailing list to receive updates and information, and also submit questions and read FAQs.

On July 24, 2009, the Rockland Electric Company (RECO) SREC-based Financing Program was approved. The RECO program will be coordinated with the JCP&L and ACE programs, with RECO also utilizing NERA to perform the solicitation management functions.

Supporting Documents

• NERA Website
• SREC Purchase and Sale Agreement
• Stipulation
• March 2009 Board Order