This bill mandates the Board of Public Utilities (BPU) to create a program aimed at promoting energy businesses owned by women, minorities, veterans, and members of the LGBTQ community 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 with 5% in the first energy year after the program's establishment, increasing to 11% in the second year, 18% in the third year, and ultimately reaching 25% in the fourth year and beyond.

To qualify for participation in this program, businesses must meet specific criteria, including certification by appropriate state or national organizations and registration to operate in New Jersey. The BPU is tasked with developing an application process for interested businesses and will maintain a list of approved participants on its website. Additionally, the BPU is required to track the program's progress towards its goals and provide regular updates online. This initiative aims to enhance diversity and inclusion within the state's energy sector.