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NJ Future Forum 2012 Energizing Redevelopment Matos

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NJ Future Forum 2012 Energizing Redevelopment Matos

  1. 1. NJF Redevelopment Forum Al MatosVice President - Renewables and Energy Solutions, PSE&G March 9, 2012 Financial Managers Learning Forum PSE&G Kearny Landfill results. Farm 1 We turn expertise into Solar
  2. 2. Solar 4 All™ Approved by NJBPU in 2009 80MW program :  Segment 1: on roofs and land  Segment 2: on utility poles 2
  3. 3. PSE&G Solar Projects Create Good Jobs for NJ ~ 1200 jobs through Solar 4 All and Solar Loan programs to date ~About 800 more by the time both programs are complete 3
  4. 4. Solar 4 All Third Party Sites Solar 4 All leases help third parties unlock the value in unused land and roofs Several projects in service: Matrix Development Group; Rider University; Newark Public Schools 4
  5. 5. Turning Landfills and Brownfields Green One landfill and three brownfield solar farms in service = 9.5MW will power ~1500 average size homes Additional brownfield site in Trenton, NJ development in Hackensack Linden, NJ NJMC 1A Landfill Kearny, NJ Edison, NJ 5
  6. 6. How Solar 4 All Could Help Municipalities PSE&G plans to seek authorization from the New Jersey Board of Public Utilities (BPU) for an extension to our existing Solar 4 All program The extension will have several new parts including a 65 MW segment NJ Trenton, focused on municipal, county and state government entities (including authorities such as Improvement Authorities. Benefit to the Municipality/Government Entity  PSE&G will make lease payments to the municipality/government entity for 20 years based on market rates.  Each of these solar projects will be “grid connected” in that electricity generated by each solar project will flow directly to the power grid.  This eliminates the constraint on a projects size that can occur with a “net- metered” project.  By entering into a solar lease agreement with PSE&G, municipalities and other government entities can provide another revenue stream to help tight budgets. 6
  7. 7. Success Story: Saint Peter’s Healthcare System Saint Peter’s 2.1MW combined solar system is largest at a NJ hospital Project is financed in part by the PSE&G Solar Loan Program Saint Peter’s also participated in our Hospital Efficiency Program. Total PSE&G investment through solar and EE programs was ~ $10MM Saint Peter’s will save $1MM/ year in energy costs x next 25 years 7

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