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, energy consultants, or private energy aggregators. The targets are set to increase from 5% in the first energy year after the program's establishment to 25% in the fourth energy year and beyond.

To qualify for participation in this program, businesses must meet specific criteria, including certification by appropriate 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 is required to track the program's progress towards its goals and provide regular updates online. This initiative aims to enhance diversity and inclusion within the energy sector in New Jersey.