New Jersey Clean Energy Program

2012 Programs and Budgets

Applied Energy Group
Presentation to the
New Jersey Board of Public Utilities

November 3, 2011

2012 Programs and Budgets

Process
Prepare 7&5 report to estimate 2011 carry over of
unspent/uncommitted funds
Prepare proposed allocation of available 2012 new
funding by program sector
Honeywell, TRC, EDA and OCE presented draft
programs and budgets which were discussed at June,
July, August and September meetings of the EE and RE
Committees
Interested stakeholders presented ideas for changes
to existing programs and for new programs and
technologies
2

2012 Programs and Budgets

Honeywell, TRC, the Utilities and the OCE submitted draft
programs and budgets (compliance filings) in early October
which were circulated to the public for comment
The utility filing includes the Comfort Partners low-income
program and support for the CleanPower Choice Program
The OCE filing includes:
OCE Oversight: administration/staff salaries and overhead
Program Coordinator services
Evaluation and Related Research
CEEEP: program evaluation and cost-benefit analysis
Funding Reconciliation
Financial Audits
3

2012 Programs and Budgets

OCE Oversight continued:
Programs managed by EDA and Sustainable Jersey
EE and RE programs or program components managed by
OCE
Large CHP Solicitation
RE Grid Solicitation
Offshore wind rebates and studies
New financing programs
Green Jobs Training

2012 Programs and Budgets

Allocation of new funding from 2012 CRA Order:
Proposed 2012 Funding from 2008 CRA Order
C&I EE
$172,500,000.00
Residential EE
$115,000,000.00
Low Income
$30,000,000.00
Clean Energy Tech Fund
$7,500,000.00
Total EE
$325,000,000.00
RE
Wind
$25,000,000.00
Biomass
$15,000,000.00
Small Solar
$6,750,000.00
Clean Energy Tech Fund
$7,500,000.00
Total RE
$54,250,000.00
Total 2011 Funding
$379,250,000.00

Proposed 2012 New Funding Allocation

Residential EE
$75,000,000.00
C&I EE
$168,250,000.00
Low-Income
$35,000,000.00
Other EE
$20,000,000.00
Total EE
$298,250,000.00
RE
$20,000,000.00
EDA
$2,000,000.00
OCE Oversight
$6,500,000.00
Legislative Action $52,500,000.00
Total
$379,250,000.00

2012 Programs and Budgets

Proposed 2012 Program Funding

Budget Category
Energy Efficiency
Renewable Energy
EDA Programs
OCE Oversight
True Grant
Total NJCEP
Legislative Action
Total

New 2012
Funding
(a)

Estimated

Other

2011
Carryover
(b)

Anticipated
New Funding
(c)

$298,250,000.00 $165,393,330.70
$20,000,000.00

2012
Funding
(d)= (a)+(b)+(c)

Estimated
Commitments
(e)

Less
Commitments
(f)=(d)-(e)

$463,643,330.70 $100,250,471.95 $363,392,858.75

$39,031,421.20

$2,000,000.00 $50,599,136.38
$6,500,000.00 $1,526,926.01
$0.00 $14,374,500.00
$326,750,000.00 $270,925,314.29
$52,500,000.00
$0.00
$379,250,000.00 $270,925,314.29

2012 Funding

$59,031,421.20

$31,329,907.95

$27,701,513.25

$51,293.44
$897,522.37

$52,650,429.82 $31,140,000.00 $21,510,429.82

$8,924,448.38
$0.00
$8,924,448.38
$14,374,500.00 $14,374,500.00
$0.00
$948,815.81 $598,624,130.10 $177,094,879.90 $421,529,250.20
$0.00 $52,500,000.00
$0.00 $52,500,000.00
$948,815.81 $651,124,130.10 $177,094,879.90 $474,029,250.20

Proposed 2012 EE Budgets

2012 Energy Efficiency Program Budget
Energy Efficiency Programs

Programs
Residential EE Programs
Residential HVAC - Electric & Gas
Residential New Construction
Energy Efficient Products

NJBPU
Approved
2011 Budget
(a)
$22,724,583.98
$19,943,969.50
$18,193,381.04

Estimated
2011
Expenses
(b)
$21,101,890.54
$12,410,660.26
$17,798,237.26

Estimated
2011
Carry Over
(c) = (a) - (b)
$1,622,693.44
$7,533,309.24
$395,143.78

New
Final
2012
2012
Funding
Budgets
(d)
(f) = (c) + (d) + (e)
$21,055,825.37
$22,678,518.81
$8,786,752.26
$16,320,061.50
$19,880,264.06
$20,275,407.84

Home Performance with Energy Star

Residential Marketing
Sub Total Residential

$29,760,156.05
$1,309,984.00
$91,932,074.57

$20,586,993.16
$1,222,508.87
$73,120,290.09

$9,173,162.89
$87,475.13
$18,811,784.48

$22,655,469.60
$2,621,688.71
$75,000,000.00

$31,828,632.49
$2,709,163.84
$93,811,784.48

$5,256,054.00
$0.00
$12,626,979.00

Residential Low Income

Comfort Partners
Sub Total Low Income

$30,829,308.11
$30,829,308.11

$30,829,308.11
$30,829,308.11

$0.00
$0.00

$35,000,000.00
$35,000,000.00

$35,000,000.00
$35,000,000.00

$0.00
$0.00

C&I EE Programs
C&I New Construction
C&I Retrofit

$6,867,143.41
$45,899,451.30

$3,101,626.26
$18,954,204.37

$3,765,517.15
$26,945,246.93

$6,258,604.87
$33,754,753.07

$10,024,122.02
$60,700,000.00

$1,873,031.00
$25,700,000.00

$7,471,645.96
$43,355,701.50
$1,002,122.83
$9,115,170.97
$35,896,150.92
$682,829.50
$1,075,000.00
$20,000,000.00
$10,000,000.00
$20,000,000.00
$201,365,216.39

$660,828.38
$5,857,083.10
$0.00
$3,353,595.75
$21,558,932.78
$682,829.50
$1,075,000.00
$105,000.00
$0.00
$0.00
$55,349,100.14

$6,810,817.58
$3,500,000.00
$37,498,618.40 $18,057,339.60
$1,002,122.83 $18,997,877.17
$5,761,575.22
$238,424.78
$14,337,218.14 $26,999,999.86
$0.00
$0.00
$0.00
$1,575,000.00
$19,895,000.00 $18,868,000.65
$10,000,000.00
$0.00
$20,000,000.00 $35,000,000.00
$146,016,116.25 $163,250,000.00

$10,310,817.58
$55,555,958.00
$20,000,000.00
$6,000,000.00
$41,337,218.00
$0.00
$1,575,000.00
$38,763,000.65
$10,000,000.00
$55,000,000.00
$309,266,116.25

$1,000,000.00
$28,618,457.95
$0.00
$4,200,000.00
$13,667,004.00
$0.00
$0.00
$10,000,000.00
$2,000,000.00
$0.00
$87,058,492.95

$678,853.10
$0.00
$1,070,000.00
$0.00

$483,423.13
$0.00
$700,000.00
$0.00

$195,429.97
$0.00
$370,000.00
$20,000,000.00

$195,000.00
$0.00
$370,000.00
$0.00

$1,748,853.10
$325,875,452.17

$1,183,423.13
$160,482,121.47

Pay-for-Performance New Construction

Pay-for-Performance
CHP
Local Government Audit
Direct Install
TEACH
Marketing
Large Energy Users Pilot
Multi-Family Financing Pilot
Large CHP Soliciatation
Sub Total C&I

Committed
Expenses
(g)
$1,107,750.00
$6,263,175.00
$0.00

Other EE Programs
Green Jobs and Building Code Training
Competitive Grant-Loan Solicitation
Sustainable Jersey
New Financing Programs
Sub Total Other Energy Efficiency
Programs
Total Energy Efficiency

$0.00
$0.00
$195,429.97
$0.00

$0.00
$0.00
$0.00
$20,000,000.00

$195,429.97 $20,000,000.00
$165,023,330.70 $293,250,000.00

$20,565,429.97
$565,000.00
$458,643,330.70 $100,250,471.957

Proposed 2012 RE Budget

Proposed 2012 Renewable Energy Program Budget
Renewable Energy Programs

Programs

NJBPU
Approved
2011 Budget

Estimated
2011
Expenses

Estimated
2011
Carry Over

New
2012
Funding

Final
2012
Budgets

Committed
Expenses

(a)

(b)

(c) = (a) - (b)

(d)

(f) = (c)+(d)+(e)

(g)

Customer On-Site Renewable Energy

Clean Power Choice
Offshore Wind
Renewable Energy Program: Grid
Connected

$22,623,674.18
$68,400.00
$10,870,253.00

$18,473,674.18
$33,445.33
$3,051,845.00

$4,150,000.00
$34,954.67
$7,818,408.00

$0.00
$0.00
$500,000.00

$4,150,000.00
$32,400.00
$8,318,408.00

$4,150,000.00
$0.00
$7,818,408.00

$11,282,831.73

$360,000.00

$10,922,831.73

$9,500,000.00

$20,425,386.40

$3,496,320.00

Renewable Energy Incentive Program

Edison Innovation Clean Energy Fund
(formerly CST)
SUB-TOTAL Renewables

$41,612,455.10

$27,379,065.05

$14,233,390.05

$10,000,000.00

$24,233,390.05

$14,193,344.20

$3,655,277.00
$90,112,891.01

$1,983,440.25
$51,281,469.81

$1,671,836.75
$38,831,421.20

$0.00
$20,000,000.00

$1,671,836.75
$58,831,421.20

$1,671,835.75
$31,329,907.95

Proposed 2012 EDA Budget

Proposed 2012 EDA Program Budget
Programs
EDA PROGRAMS
EDA Edison Innovation Clean
Energy Manufacturing and Green
Edison Innovation Green Growth
Fund
EE Revolving Loan Fund
Renewable Energy Manufacturing
Incentive
SUB-TOTAL EDA Programs

NJBPU
Approved
2011 Budget

Estimated
2011
Expenses

Estimated
2011
Carry Over

New
2012
Funding

(a)

(b)

(c) = (a) - (b)

(d)

$35,634,153.38
$4,000,000.00
$18,000,000.00
$0.00
$57,634,153.38

$6,615,017.00 $29,019,136.38

Other
Final
Anticipated
2012
New Funding Budgets
(e)
(f) = (c)+(d)+(e)

Committed
Expenses
(g)

$0.00

$48,248.91

$3,940,000.00

$0.00

$545.29

$3,940,545.29

$3,940,000.00

$360,000.00 $17,640,000.00

$0.00

$2,499.24

$17,642,499.24

$2,000,000.00

$0.00

$2,000,000.00

$0.00

$2,000,000.00

$0.00

$7,035,017.00 $50,599,136.38

$2,000,000.00

$51,293.44

$60,000.00

$0.00

$29,067,385.29 $25,200,000.00

$52,650,429.82 $31,140,000.00

Proposed 2012 OCE Budget

2012 OCE Oversight Budget
NJBPU
Approved
2011 Budget

Estimated
2011
Expenses

Estimated
2012
Carry Over

New
2011
Funding

Line
Item
Transfers

New Funding

Final
2012
Budgets

(a)

(b)

(c) = (a) - (b)

(d)

(e)

(f)

(g) = (c)+(d)+(e)+(f)

Other
Anticipated

Administration and Overhead

OCE Staff and Overhead
Program Coordinator
Memberships-Dues
Clean Energy States Alliance
Consortium for Energy Efficiency
NASEO
Sub-Total: Administration and
Overhead
Evaluation and Related Research
Rutgers-CEEEP
Funding Reconciliation
O&M Scoping Study/Online Academy
Other Studies
Program Evaluation
Financial Audits
Sub-Total: Evaluation and Related
Research
Marketing and Communications
Outreach and Education/Community
Partner Grants
Sub-Total: Marketing and
Communications
TOTAL: Administration

$1,477,499.04 $1,477,007.21
$2,067,983.00 $2,004,445.75
$25,000.00
$133,817.00
$0.00

$491.83
$63,537.25

$2,740,000.00
$2,100,000.00

$0.00
$133,817.00
$0.00

$25,000.00
$0.00
$0.00

$10,000.00

$3,704,299.04 $3,615,269.96

$89,029.08

$4,850,000.00

$908,415.71
$787,802.07
$21,055.00
$21,055.00
$450,000.00
$449,997.77
$44,566.75
$0.00
$1,951,779.65 $1,000,000.00
$498,162.35
$0.00

$120,613.64
$0.00
$2.23
$44,566.75
$951,779.65
$498,162.35

$400,000.00
$50,000.00

$3,873,979.46 $2,258,854.84

$1,615,124.62

$122,772.31

$100,000.00

$22,772.31

$122,772.31
$100,000.00
$7,701,050.81 $5,974,124.80

$22,772.31
$1,726,926.01

$897,522.37

$25,000.00
$0.00
$10,000.00
$0.00

$897,522.37

$1,200,000.00
$2.23
$0.00

$5,836,551.45
$520,613.64
$50,000.00
$0.00
$44,566.75
$2,151,779.65
$498,164.58

($2.23)

$1,650,000.00

$3,638,014.20
$2,163,537.25

$0.00

$3,265,124.62

$22,772.31
$0.00
$6,500,000.00

$0.00
$0.00

$0.00
$897,522.37

$22,772.31
$9,124,448.38

10

2011 Program Results

Spending is within 10% of budget for most mature programs.
A large percentage of unspent funds is related to new
program start up and ramp up. i.e. it takes time to develop a
new programs and to attract customers to participate in a
new program.
However, State procurement policies require that funds be
available prior to making commitments

11

2011 Spending verse Budget

Uncommitted/unspent funds in large part related to start up
of new programs.
Overall estimated 2011 results:
2011 Carry Over Summary

Energy Efficiency Total

Renewable Energy
EDA
OCE Oversight
CEP Total
True Grant
Total

2011

Estimated

Estimated

Budget from
draft 10/13/11 Order

2011
Expenses

2011
Carryover

(a)
$325,875,452.17
$90,112,891.01
$57,634,153.38
$7,701,050.81
$481,323,547.37
$25,000,000.00
$506,323,547.37

(b)
(c)=(a)-(b)
$160,482,121.47 $165,393,330.70
$51,281,469.81 $38,831,421.20
$7,035,017.00 $50,599,136.38
$5,974,124.80
$1,726,926.01
$224,772,733.08 $256,550,814.29
$10,625,500.00 $14,374,500.00
$235,398,233.08 $270,925,314.29

Estimated
Estimated
Commitments
(d)
$100,250,471.95
$31,329,907.95
$31,140,000.00
$0.00
$162,720,379.90
$14,374,500.00
$177,094,879.90

Carry Over
less Commitments
(e)=(c)-(d)
$65,142,858.75
$7,501,513.25
$19,459,136.38
$1,726,926.01
$93,830,434.39
$0.00
$93,830,434.39

12

2011 Program Results

2011 Budget

Estimated 2011
Expenses

Carry Over =
Budget - Expenses

Estimated
Commitments

Estimated
Carryover less
Commitments

Expenses Plus
Commitments as
a % of Budget

(a)

(b)

(c)

(d)

(e)

(f)

Energy Efficiency Programs

Residential EE Programs
Residential HVAC - Electric & Gas
Residential New Construction
Energy Efficient Products
Home Performance with Energy Star
Residentail Marketing
Sub-Total Residential

$22,724,583.98
$19,943,969.50
$18,193,381.04
$29,760,156.05
$1,309,984.00
$91,932,074.57

$21,101,890.54
$12,410,660.26
$17,798,237.26
$20,586,993.16
$1,222,508.87
$73,120,290.09

$1,622,693.44
$7,533,309.24
$395,143.78
$9,173,162.89
$87,475.13
$18,811,784.48

$1,107,750.00
$6,263,175.00

$12,626,979.00

$30,829,308.11
$30,829,308.11

$30,829,308.11
$30,829,308.11

$0.00
$0.00

$0.00

$6,867,143.41
$45,899,451.30
$7,471,645.96
$43,355,701.50
$1,002,122.83
$9,115,170.97
$35,896,150.92
$682,829.50
$1,075,000.00
$20,000,000.00
$10,000,000.00
$20,000,000.00
$201,365,216.39

$3,101,626.26
$18,954,204.37
$660,828.38
$5,857,083.10
$0.00
$3,353,595.75
$21,558,932.78
$682,829.50
$1,075,000.00
$105,000.00
$0.00
$0.00
$55,349,100.14

$3,765,517.15
$26,945,246.93
$6,810,817.58
$37,498,618.40
$1,002,122.83
$5,761,575.22
$14,337,218.14
$0.00
$0.00
$19,895,000.00
$10,000,000.00
$20,000,000.00
$146,016,116.25

$1,873,031.00
$25,700,000.00
$1,000,000.00
$28,618,457.95
$1,000,000.00
$4,200,000.00
$13,667,004.00
$0.00
$0.00
$10,000,000.00
$2,000,000.00
$0.00
$88,058,492.95

$5,256,054.00

$514,943.44
$1,270,134.24
$395,143.78
$3,917,108.89
$87,475.13
$6,184,805.48

97.7%
93.6%
97.8%
86.8%
93.3%
93.3%

$0.00

100.0%

$1,892,486.15
$1,245,246.93
$5,810,817.58
$8,880,160.45
$2,122.83
$1,561,575.22
$670,214.14
$0.00
$0.00
$9,895,000.00
$8,000,000.00
$20,000,000.00
$57,957,623.30

72.4%
97.3%
22.2%
79.5%
99.8%
82.9%
98.1%
100.0%
100.0%
50.5%
20.0%
0.0%
71.2%

Residential Low Income

Comfort Partners
Sub-Total Low Income

C&I EE Programs
C&I New Construction
C&I Retrofit
Pay-for-Performance New Construction
Pay-for-Performance
CHP
Local Government Energy Audit
Direct Install
TEACH
Marketing
Large Energy Users Pilot
Multi-Family Financing Pilot
Large CHP Soliciatation
Sub-Total C&I

13

2011 Program Results Cont.

2011 Budget

Estimated 2011
Expenses

Carry Over =
Budget Expenses

(a)

(b)

(c)

Renewable Energy Programs

Renewable Programs
Customer On-Site Renewable Energy
Clean Power Choice
Offshore Wind
Renewable Energy Program: Grid Connected (Formerly REDI)
Renewable Energy Incentive Program
Edison Innovation Clean Energy Fund (formerly CST)
Total Renewables

Estimated
Commitments

Estimated
Carryover less
Commitments

Expenses Plus
Commitments as a
% of Budget

(d)

(e)

$22,623,674.18 $18,473,674.18 $4,150,000.00

$68,400.00
$33,445.33
$34,954.67
$10,870,253.00 $3,051,845.00 $7,818,408.00

$4,150,000.00
$0.00
$7,818,408.00

$0.00
$34,954.67
$0.00

(f)
100.0%
48.9%
100.0%

$11,282,831.73
$360,000.00 $10,922,831.73
$41,612,455.10 $27,379,065.05 $14,233,390.05
$3,655,277.00 $1,983,440.25 $1,671,836.75
$90,112,891.01 $51,281,469.81 $38,831,421.20

$3,496,320.00
$14,193,344.20
$1,671,835.75
$31,329,907.95

$7,426,511.73
$40,045.85
$1.00
$7,501,513.25

34.2%
99.9%
100.0%
91.7%

$35,634,153.38
$4,000,000.00
$18,000,000.00
$57,634,153.38

$25,200,000.00
$3,940,000.00
$2,000,000.00
$31,140,000.00

$3,819,136.38
$0.00
$15,640,000.00
$19,459,136.38

89.3%
100.0%

EDA Programs
Clean Energy Manufacturing Fund
Edison Innovation Green Growth Fund
EE Revolving Loan Fund
Total EDA Programs

$6,615,017.00
$60,000.00
$360,000.00
$7,035,017.00

$29,019,136.38
$3,940,000.00
$17,640,000.00
$50,599,136.38

13.1%
66.2%

14

2011 Program Results

The NJCEP can spend and commit up to: cash held in the
CEP trust Fund + anticipated receipts through the end of
the FY
Available NJCEP Funds (Excluding EDA and CST Available Funds) as of 8/31/11

Program

Available Funds Actual Expenses Available Funds

as of 12/31/2010 as of 8/31/2011
as of 8/31/2011
(a)
(b)
(c)=(a)-(b)

Commitments
as of 8/31/2011
(d)

Funds in Excess
of Commitments
(e)=(c)-(d)

NJCEP
New Jersey's Clean Energy Program

New Jersey's Clean Energy Program

$510,534,264.15

$118,794,940.21

$391,739,323.94

$107,969,744.16

$283,769,579.78

$510,534,264.15

$118,794,940.21

$391,739,323.94

$107,969,744.16

$283,769,579.78

(a) Available Funds = Funds available in CEP Trust Fund through December 31, 2011.

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