This bill mandates the Board of Public Utilities (BPU) to create a program aimed at promoting energy businesses that are women-owned, minority-owned, veteran-owned, and LGBTQ-owned 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 by business customers and public entities through board-licensed energy agents, with the aim of sourcing 25% from these diverse energy businesses by the fourth energy year following the program's establishment.

To qualify for participation in the program, businesses must meet specific certification requirements and be registered to operate in the state. 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 is designed to enhance diversity and inclusion within the energy sector in New Jersey.