Prohibits public utility from recovering certain administrative costs.

This bill prohibits New Jersey public utilities (like gas, water, or electric companies) from including certain administrative costs in the rates they charge customers. It specifically blocks recovery of costs such as salaries, IT expenses, office supplies, and legal fees through customer rates, defining these as "administrative costs" distinct from capital expenses. Utilities must absorb these costs themselves rather than passing them to ratepayers. The law takes effect immediately upon enactment.