Establishes Climate Change Mitigation and Resilience Financing Program in NJ Infrastructure Bank; imposes per-kilowatt hour charge on electric energy consumption to finance climate change mitigation and resilience projects.
This bill establishes a Climate Change Mitigation and Resilience Financing Program within the New Jersey Infrastructure Bank. It would impose a per-kilowatt-hour charge on all electricity consumption in the state, added to utility bills for residential, commercial, and industrial consumers. The collected funds would finance projects like flood-resistant infrastructure, coastal protection, and other climate resilience initiatives. The program aims to address climate impacts through targeted infrastructure investments, funded directly by electricity users.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2026
Committee Review
Floor Vote
Governor
Introduced Jan 13, 2026
Last action Jan 13, 2026
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
1
Key actions
0
Committee
0
Jan 13, 2026
Introduced
Introduced, Referred to Assembly Environment and Solid Waste Committee
lower
3 primary · 1 co-sponsor
Sponsors
Role
Legislator
Party
State
District
P
Jim Kennedy
DDemocratic
P
Robert Karabinchak
DDemocratic
P
Sterley Stanley
DDemocratic
Co
Mike Venezia
DDemocratic
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