New Jersey Institute of Technology Board of Trustees Public Session Meeting Agenda Packet 2026-06-11
NJIT Approves FY2027 Utilities Expenditures with PSE&G
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Description
NJIT will purchase electricity and natural gas from Public Service Electric & Gas Company and other suppliers in FY2027, with a board-approved budget not to exceed $10,636,021. The funds will also cover repayments for energy efficiency upgrades.
Contract Details
Contract Amount
Not to exceed $10,636,021 (FY2027)
Vendor
PUBLIC SERVICE ELECTRIC & GAS COMPANY
Agency
New Jersey Institute of Technology, NJ
Contract Type
UTILITIES
Document Date
June 11, 2026
Contract Term
Fiscal Year 2027
Renewal Date
2027-06-30
Renewal Info
Ongoing utility services. Includes repayment for energy efficiency upgrades via PSE&G programs. Future renewals anticipated annually or as contracts expire/renew.
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Higher Ed
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