S 389 New Jersey Senate · 2024-2025 Regular Session

Eliminates demand side management programs from cost recovery through societal benefits charge.

S 389 removes demand side management programs - such as energy efficiency initiatives, plug-in electric vehicle incentives, and renewable energy projects - from the list of costs electric and gas utilities can recover through the societal benefits charge on customer bills. This amendment deletes a specific statutory provision that previously allowed utilities to fund these programs via a mandatory charge added to all customers' rates. The bill does not eliminate the programs themselves but changes their funding mechanism, requiring alternative approaches for cost recovery. As a result, utilities will no longer include these program costs in the societal benefits charge, potentially affecting future program funding and customer rate structures.
Bill status in committee 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 Senate, Referred to Senate Environment and Energy Committee
upper
1 primary · 0 co-sponsors

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Party
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P
Photo of Joe Pennacchio
Joe Pennacchio
RRepublican
NJ
26