New York, NY, Jan. 23, 2006 — GreenShift Corp. announced that Sterling Planet Inc., a renewable energy provider through the sourcing and sale of renewable energy credits (RECs) and a GreenShift portfolio company, is offering Sterling Select to New Jersey electric utility customers.
Sterling Select is a way to support clean energy from electricity generators that use the wind, water and bioenergy to create electricity. Sterling Planet is a participant in the New Jersey CleanPower Choice Program provided by the New Jersey Board of Public Utilities and New Jersey’s Clean Energy Program.
The renewable energy choice is currently available to customers of Jersey Central Power & Light Corp. (JCP&L) or Public Service Electric and Gas Co. (PSE&G). Beginning April 2006, Atlantic City Electric and Rockland Electric Co. customers are expected to also be eligible for participation.
As part of the state’s Clean Power Choice Program, the average New Jersey home or business can support cleaner renewable electricity from mid-Atlantic sources for as little as $4 per month, or an additional fee of 1.2 cents more per kilowatt hour. Customers choose how “green” they want to go – matching either 50% or 100% of their monthly electricity use with renewable energy.
Sterling Select consists of 33% new wind, 33% small hydro and 34% bioenergy. The bioenergy component is from landfill gas, the natural byproduct of organic decay. The renewable energy is from the mid-Atlantic region, including Pennsylvania, New Jersey and Maryland.