[HISTORY: Adopted by the Borough Council of the Borough of Pennington 10-7-2019 by Ord. No. 2019-9. Amendments noted where applicable.]
The Borough publicly declares its intent to become an aggregator of electric power on behalf of its residential users of electricity pursuant to the Government Energy Act of 2003, N.J.S.A. 48:3-91.3 to 48:3-98, and implementing regulations.
In implementation of any such aggregation program, the Borough shall use the professional services of vendors approved pursuant to the NJ E-Procurement Pilot program (P.L. 2001, c.30) under the NJ Department of Community Affairs.
The Borough, alone or with other cooperating municipalities it elects to join, will seek bids from licensed and appropriate third-party suppliers of electricity in accordance with procedures and substantive regulations provided by law. Any price for energy so obtained will apply in accordance with the terms of the bid to all Borough residents who do not decline to participate (or opt out). Nonparticipating residents may choose any alternative energy source they desire.
The contracts necessary for implementation of an aggregation program shall be authorized by Borough Council as required by law.
All ordinances and parts of ordinances inconsistent herewith are hereby repealed.
If any portion of this ordinance shall be deemed invalid by any court of competent jurisdiction, the remainder shall survive in full force and effect.
This ordinance shall be effective immediately upon adoption and publication in accordance with law.