TRENTON – Gov. Chris Christie signed a bill into law that aims to encourage more public entities to execute energy saving projects.
The bill, A2313, was primarily sponsored by Assemblyman Upendra Chivukula and Troy Singleton.
According to the state Clean Energy Program, the Energy Savings Improvement Program allows such entities to make energy-related improvements.
The entities pay for the start-up costs by “using the value of energy savings that result from the improvements.” The companies that perform the energy saving projects at the public facilities are known as energy services companies, or ESCOs.