 TRENTON --
The Treasury Department announced today that, in cooperation with the
New Jersey Board of Public Utilities (BPU), it would be releasing the
draft review of the New Jersey Board of Public Utilities’ (BPU)
Clean Energy Program. Treasury began a detailed review in
2004, then suspended this review after submitting its preliminary findings
to the Attorney General's Office*. At the request of the previous
State Treasurer, a civil court judge issued a protective order preventing
the papers that were a product of that incomplete review
from being released. This draft document has been the subject of continued
public interest and as all parties to the civil litigation have requested
disclosure, this matter is being released. In light of this interest
and the Corzine Administration’s commitment to transparency,
Treasury today waived its privilege preventing the working papers’ release.
As a result, these draft documents, as well as BPU’s point-by-point
responses submitted on April 4, 2006, are now available for public
review. Click here to
view the Treasury working papers. (Abode PDF 1.1 mb) The BPU’s
detailed response can be found at http://nj.gov/bpu/.
*Since July of 2004, BPU has been working with Treasury on
fiscal matters, and have been operating through an Interdepartmental
Agreement with Treasury since January 2005 to provide financial
management and procurement services for all BPU matters, including the
Clean Energy Program.
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