This bill mandates the Board of Public Utilities (BPU) to create a program aimed at promoting energy businesses that are women-owned, minority-owned, veteran-owned, or LGBTQ-owned in New Jersey. The program will utilize various methods such as public information campaigns, marketing, and incentives to achieve its goals. Specifically, the bill sets target percentages for the procurement of energy from these diverse businesses, starting at 5% in the first energy year after the program's establishment and increasing to 25% by the fourth energy year and beyond.

To qualify for participation in the program, businesses must meet specific certification and registration requirements, including being certified by appropriate state or national organizations and being registered to operate in New Jersey. The BPU will establish an application process for interested businesses and will maintain a list of approved participants on its website. Additionally, the BPU is tasked with tracking the program's progress towards its goals and providing regular updates online.