RGGI bill will draw veto, sources say

TRENTON – Gov. Chris Christie will veto a bill that attempts to keep New Jersey in the coalition known as the Regional Greenhouse Gas Initiative, sources said.

The bill’s rejection would not be unexpected. Christie pulled the state out of the Northeast compact last year, saying it was failing, that the market it helped create was collapsing, and it was placing New Jersey at a competitive disadvantage because of the utility bill tax it imposes.

However, S1322/A1998 advanced through the Legislature this past session. The bills stated that it was inconsistent with the Legislative intent to remove New Jersey from RGGI.

The expected veto would follow on the heels of a bill regarding solar energy that got Christie’s endorsement this week.

He signed into law this week, A2966/S1925, which seeks more renewable energy while trying to deal with the problem of costs. Among other things, that legislation seeks to stabilize the market and spur thousands of jobs.

Earlier story:

Christie signs solar bill

 

RGGI bill will draw veto, sources say