Prohibits utility from billing customer for costs incurred for certain upgrades to utility infrastructure; allows costs for certain upgrades to utility infrastructure be recovered in utility's rate base.
This bill prevents utilities from directly charging customers for infrastructure upgrades needed due to customer-led disaster mitigation projects. It requires customers who complete such projects (e.g., flood-proofing homes) to provide a contractor certification within 90 days to the utility and the Board of Public Utilities. Utilities cannot bill customers for these specific upgrade costs, but they may recover the expenses through standard rate increases shared by all customers. The bill applies to New Jersey public utilities and ensures costs from qualifying disaster-prevention work are handled through regulated rate mechanisms, not individual customer bills.
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
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
1
Key actions
0
Committee
0
Jan 9, 2024
Introduced
Introduced in the Senate, Referred to Senate Economic Growth Committee
upper
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Jim Holzapfel
RRepublican
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