TRENTON – Legislation (A-2385) sponsored by Assemblyman Sam Fiocchi, R-Cumberland, Cape May and Atlantic, which allows municipalities with their own electric utility to form a shared services authority was approved by the Assembly.
“Consumers will save on their electric bills as the combined purchasing power of participating towns will make it less expensive,” said Fiocchi. “Shared services must be more than a concept. This bill puts the idea into practice. It makes New Jersey more affordable as the towns will be able to combine their resources and shop for the best wholesale electricity price available.”
The bill impacts nine municipalities with their own electric utilities – including Vineland, in Fiocchi’s legislative district – and one rural electric cooperative of six more towns. The measure permits these entities to establish a municipal shared services energy authority. The participation of a minimum of three municipalities is required to create an “authority.”
The Assembly passed the same bill in 2012.
Avalon – The Pentagon put a third top official on administrative leave Wednesday as part of a wide-ranging leak investigation, according to a defense official and a person familiar with the matter.
Colin…
