A 2103 New Jersey General Assembly · 2024-2025 Regular Session

Establishes "Resiliency and Environmental System Investment Charge Program."

This bill creates a "Resiliency and Environmental System Investment Charge Program" (RESIC) that allows New Jersey water and wastewater utilities to recover costs for certain environmental and resiliency investments through a surcharge on customer bills. Utilities must get approval from the Board of Public Utilities for specific projects that enhance system resiliency, environmental compliance, or public health, with costs limited to non-revenue producing infrastructure. The surcharge would appear as a separate line item on customer bills, with total recovery capped at 5% of the utility's annual revenue. Utilities must file detailed reports with the Board semi-annually to track project costs and recovery amounts, and the program applies to both investor-owned and certain municipal utilities.
Bill status died 1 of 4 stages cleared
Introduction
Jan 2024
Committee Review
Floor Vote
Governor
Introduced Jan 9, 2024 Last action Jan 9, 2024
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Jan 9, 2024
Introduced
Introduced in the Assembly, Referred to Assembly Environment, Natural Resources, and Solid Waste Committee
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2 primary · 2 co-sponsors

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