"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.

New Jersey's S 1818, the "Electric Public Utility Fair Profit Act," requires electric utilities to annually review their actual revenues against the board-approved revenue limit. If revenues exceed this limit by more than 0.5%, utilities must redistribute excess profits to customers: 50% for profits up to 1% over the limit (via bill credits and direct payments), 75% for 1-2% over, and 100% for over 2%. Utilities failing to comply face fines (capped at 5% of revenue limit or excess profits), with all penalty funds directed to existing utility assistance programs for residential customers. The bill directly affects all New Jersey electric utilities distributing power to end users, aiming to return excess profits to customers rather than allowing full retention.