"Stop Misappropriating Ratepayer Tariffs for Excessive Resources Act"; prohibits rate of recovery of costs associated with smart grid projects.
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
Overview
This bill, officially titled the "Stop Misappropriating Ratepayer Tariffs for Excessive Resources Act," aims to prevent electric public utilities in New Jersey from recovering the costs of smart grid projects from their customers. Specifically, it prohibits utilities from including these costs, such as capital and operating expenses, in the rates they charge to consumers, including through a charge known as the societal benefits charge. The goal is to ensure that ratepayer money isn't used to fund smart grid investments.
Bill text
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Document of record
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1 on record
Primary sponsor
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