Establishes "Resiliency and Environmental System Investment Charge Program."

This bill establishes a new program (the "Resiliency and Environmental System Investment Charge" or RESIC) allowing New Jersey water and wastewater utilities to recover costs for specific environmental and infrastructure projects through a surcharge on customer bills. It covers costs related to compliance with environmental regulations (like clean water laws), installing new systems for public safety/resiliency, or replacing aging infrastructure, provided the projects are non-revenue producing and approved by the Board of Public Utilities. Utilities would calculate a surcharge based on approved investments, with a cap on total recoverable costs, and apply it over a six-month recovery period. The program directly affects investor-owned and qualifying municipal utilities providing water/wastewater service to over 1,000 customers outside their municipality. Note: This bill was introduced in January 2024 but was withdrawn the same day.