A 4517
Requires BPU to pay for certain compliance costs of State energy policies.
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- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill requires the New Jersey Board of Public Utilities (BPU) to cover certain costs, called ‘compliance costs,’ that customers incur while trying to meet the state’s energy policies, such as the Energy Master Plan. These costs can include expenses for installing new appliances or upgrading electrical systems. The BPU will fund these payments using specific funds like the societal benefits charge and a settlement agreement with Orsted, and potentially from the General Fund if those funds are insufficient. The bill aims to address concerns about the financial burden on consumers related to state-mandated electrification efforts.
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Primary sponsor
Alex Sauickie
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