Directs certain unclaimed electric and gas utility deposits in Unclaimed Utility Deposits Trust Fund and societal charge revenues be paid to Statewide nonprofit energy assistance organizations designated by BPU.
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Progress
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- Introduced
- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
Overview
This bill aims to redirect funds currently held in the Unclaimed Utility Deposits Trust Fund and revenue from societal charges to support energy assistance programs across New Jersey. Specifically, it directs the Board of Public Utilities (BPU) to designate statewide nonprofit organizations that will receive these funds. The goal is to provide financial assistance to low-income households struggling to pay their utility bills. This legislation seeks to increase access to energy assistance services for those in need.
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