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, it sets target percentages for the procurement of energy from these businesses, starting at 5% in the first year and increasing to 25% by the fourth year and beyond for businesses and public entities that utilize third-party energy suppliers.

To qualify for participation in the program, energy businesses must be certified by appropriate state or national organizations, registered to operate in New Jersey, and have filed a current Annual Report. The BPU will establish an application process with an annual enrollment period 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.