Requires electric public utilities operating or providing service to certain LED street lights to charge customers only for actual costs.

This bill (A2088) requires electric public utilities in New Jersey to charge government entities (such as cities, counties, or school districts) only the actual costs for installing and operating LED street lights they own or provide service to. It mandates that utilities revise their billing rates within 60 days of the bill’s effective date to reflect these actual costs, submitting the changes to the Board of Public Utilities for approval. The law specifically applies to LED street lights used on public streets, roads, or highways owned by government entities or utility-owned LED lights. This change aims to prevent utilities from adding profit margins to street lighting charges, aligning billing with the lower operational costs of energy-efficient LED technology.