(Trenton, NJ – May 31, 2017) The New Jersey Board of Public Utilities (NJ BPU) today approved a settlement in the Atlantic City Electric Company (ACE) Power Ahead proceeding, which will allow $79 million in investments over five years to advance grid modernization and make the state’s electricity system more resilient to storm damage.
The NJ BPU’s decision comes after several parties, including ACE, the Division of Rate Council, the BPU Staff, Environmental Defense Fund (EDF), and other intervenors, reached an agreement on the implementation of positive steps to improve the electric system’s reliability. In addition, ACE agreed to consult with EDF on future regulatory filings that address smart grid issues, including smart street lighting, advanced metering infrastructure, voltage optimization, energy data access, and the integration of distributed energy resources – all necessary steps to help ensure the Garden State meets its goals under the Global Warming Response Act to reduce greenhouse gases 80 percent by 2050.
“New Jersey is poised to begin adopting clean energy technologies that will advance grid modernization and benefit customers. This will enable the state to move toward a more reliable, affordable, and clean electric system.”
· Mary Barber, Director, EDF’s New Jersey Clean Energy Program