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 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 criteria, including certification by 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 will track the program's progress in meeting its procurement goals and provide regular updates online.