Imposes 10 percent electric public utility windfall surtax on taxpayers with allocated taxable net income in excess of $10 million under CBT.

This bill imposes a 10% surtax on electric public utilities in New Jersey with annual profits exceeding $10 million. It directly affects large electricity providers that transmit and distribute power to end users within the state. All revenue from this surtax (excluding constitutionally dedicated funds) must fund state utility assistance programs, such as those helping low-income households with energy costs. The bill also prohibits these utilities from raising customer rates to cover the surtax cost.