SB 2959

Abstract

Amends the Public Utilities Act. Provides that any supplier of energy that generates more than 500 kilowatt hours of electricity annually within the State (rather than any supplier of energy within the State) and all companies that develop, build, install, or maintain a renewable energy project with total annual revenues over $15,000,000 shall submit an annual report on all procurement goals and actual spending for female-owned, minority-owned, veteran-owned, and small business enterprises in the previous calendar year. Deletes language that exempts specified wind energy and solar energy from having to submit an annual report. Provides that each participating company in its annual report shall include an explanation of the plan for the next year to increase participation, including a buying plan for the specific goods and services the company intends to buy in the next 6 to 18 months, including any procurement codes used by the company, to assist entrepreneurs and diverse companies to understand upcoming opportunities to work with the company submitting the buying plan.