New Jersey Approves $446 Million Solar Investment

        New Jersey state regulators had approved a proposal brought up by the utility company, Public Service Electric & Gas (PSE&G), which the plan triggered permission granted to go ahead on two projects increasing the involvement and usage of solar power. The two projects will both be financed by an incremental increase in customers' utility bills.
         According to Associated Press reports, the first project consists of offering nearly $200 million in loans to commercial and residential areas to install solar power systems in their buildings. The second project will help finance an extension of the utility's Solar4All program through 2016 that helps to develop solar installations primarily on unused landfills and former industrial sites, known as brownfields.
          However, the state-appointed advocate for utility customers has criticized the landfill decision as creating an unfair market advantage for PSE&G since the company is expected to recover its costs through rate increases. In return, New Jersey had, instead, approved the proposal under the conditions that adjustments be made in PSE&G's utility rates such as reducing greenhouse gas emissions, raising electric bills for residential customers by $11.45 a year and costs to the same gas customers by $2.18 annually.