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 need for reliable energy resources, particularly in light of aging systems and the urgency to decarbonize the energy sector. It establishes a framework for soliciting proposals, evaluating projects, and entering into P3 agreements, while also creating an Energy P3 Program to facilitate these partnerships. The legislation mandates that all workers involved in construction for these projects receive prevailing wages and allows for project labor agreements to enhance local employment.

Additionally, the bill introduces new financing programs, including the "Interim Energy Financing Program Fund" and the "Energy Infrastructure Financing Program," which will provide loans and financial assistance for energy-related projects. It establishes a State Energy Infrastructure Bank Fund dedicated to these projects, ensuring that funds are kept separate from other trust funds. The bill also outlines a structured process for prioritizing energy-related projects and mandates annual reporting on their status. Importantly, it clarifies that existing public contract requirements do not apply to energy-related projects developed under this act, streamlining the implementation process while maintaining oversight from relevant state authorities.

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