"Electric Public Utility Fair Profit Act"; requires electric public utilities to take certain actions regarding excess profits and directs fines for violations to fund utility assistance programs.*

The "Electric Public Utility Fair Profit Act" requires New Jersey electric utilities to annually review if they collected more revenue than the amount approved by the state's Board of Public Utilities (BPU). If excess profits are found, utilities must return these funds to customers within 45 days through bill credits, direct payments for overdue bills, or payments to customers enrolled in utility assistance programs. Utilities must also submit annual financial reports to the BPU, and failure to redistribute excess profits or misrepresenting data incurs fines that fund utility assistance programs, with no cost to customers.