Prohibits electric public utilities from imposing reconciliation charge on customers.

This bill (A5202) prohibits electric public utilities in New Jersey from charging customers a "reconciliation charge," which is a fee used to cover the difference between estimated and actual costs of electricity service. The charge typically included costs like basic electricity generation, taxes, administrative fees, and interest that utilities previously passed to customers. By banning this charge, the bill requires utilities to absorb cost fluctuations themselves rather than shifting them to ratepayers. The prohibition takes effect immediately upon enactment.