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March 2020

New Jersey Board of Public Utilities Adjusts TREC Value

On March 9, 2020, the New Jersey Board of Public Utilities issued an order (“Order”) modifying the value of the Transition Renewable Energy Certificate (“TREC”) to $152 for the full fifteen (15) year eligibility period. The original order establishing the TREC set its value at $65 for Energy Years 2021, 2022 and 2023, and $189 for the remainder of the TREC eligibility term.

The Order is welcome news for investors who were concerned about lack of cash flow during the early years of a solar project.