Final Rules for Offshore Wind Renewable Energy, N.J.A.C. 14:8-6

Under the New Jersey Board of Public Utilities' (BPU) final rules, offshore wind projects must demonstrate positive economic and environmental net benefits to the State. The cost-benefit test is based on three factors: (i) positive and negative impacts on New Jerseyﾒs electricity rates over the life of the project; (ii) impacts on New Jerseyﾒs economy through the creation of employment and other direct, indirect, and induced socioeconomic effects; and (iii) net environmental impacts ascribable to the project.