A 4520
Prohibits electric public utilities from imposing reconciliation charge on customers.
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Sign in to take action- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill prohibits New Jersey’s electric public utilities from charging customers a ‘reconciliation charge.’ This charge is typically used by utilities to cover the difference between predicted and actual costs of providing electricity service, including generation costs, fees, and taxes. The bill aims to prevent utilities from passing these costs onto consumers. It seeks to encourage better financial planning by the utilities themselves.
Sponsors
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Primary sponsor
Alex Sauickie
Cosponsors
Gerry Scharfenberger
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