The proposed "Energy Infrastructure Public-Private Partnerships Program" bill in New Jersey aims to enhance the state's energy infrastructure through public-private partnerships (P3s). It amends existing laws related to the New Jersey Infrastructure Bank, allowing energy contracts under the "Public School Contracts Law" and "Local Public Contracts Law" to extend up to 25 years. The bill emphasizes the importance of reliable energy resources, particularly in response to aging systems and severe weather events, and seeks to leverage private sector expertise to develop energy projects that improve efficiency and reduce greenhouse gas emissions without relying on taxpayer support. The legislation outlines the roles of public and private entities in these partnerships, establishes the Energy P3 Program to oversee project development, and mandates funding through various sources, including the Global Warming Solutions Fund.

Additionally, the bill expands the financial capabilities of the New Jersey Infrastructure Bank by allowing it to provide loans and assistance for energy-related projects, including the establishment of the "Interim Energy Financing Program Fund" and the "Energy Infrastructure Financing Program." It clarifies that energy-related projects are essential public functions, exempting certain components from property taxation, and mandates that all construction workers on these projects be paid prevailing wages. The bill also introduces provisions for the negotiation of preliminary agreements, a tiered ranking system for projects, and the requirement for proposals to include fixed price bids. Overall, the legislation aims to modernize New Jersey's energy infrastructure while promoting sustainability and economic growth.

Statutes affected:
Introduced: 58:11B-2, 58:11B-3, 58:11B-4, 58:11B-5, 58:11B-6, 58:11B-7, 58:11B-9, 58:11B-13, 58:11B-14, 58:11B-15, 58:11B-17, 58:11B-18, 58:11B-19, 58:11B-23, 58:11B-25, 58:11B-27, 40A:11-15