New Jersey Institute of Technology Board of Trustees Public Session Meeting Agenda Packet 2026-06-11
NJIT Approves $10.64M Utility Expenditures for FY27
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Description
NJIT Board of Trustees approved up to $10.64 million for FY27 electricity and natural gas purchases from PSE&G and contracted vendors, supporting university-wide operations and energy efficiency initiatives.
Contract Details
Contract Amount
Not to exceed $10,636,021 (FY 2027 projection)
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
Annual approval for FY27 utility purchases from PSE&G. Includes capital efficiency loan repayments.
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APPROVEDIssuing Agency
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Higher Ed
New Jersey Institute of Technology, NJ
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