The "Affordable Home Energy Protection Act" (S 1929) prohibits New Jersey state agencies and local governments from adopting rules that restrict the installation, use, or replacement of natural gas, propane, or fuel oil appliances and heating systems in homes and businesses. It directly affects residents and property owners by blocking mandates that would force removal of existing combustion-based systems or require costly electric replacements. Key provisions prevent local rules from banning these appliances or requiring their removal, while allowing voluntary switches to electric systems and safety-related emergency orders. The bill aims to preserve energy choice and avoid financial burdens on households, particularly low- and moderate-income residents in older homes.
This non-binding Senate Resolution (SR 17) urges New Jersey's lending institutions to stop financing projects that contribute to climate change, such as fossil fuel exploration and extraction. It cites that major global banks provided $3.8 trillion to oil, gas, and coal companies between 2016-2020, while noting negative impacts like health issues for the Mapuche people in Argentina and forced relocations in Mozambique linked to such projects. The resolution references NatWest's example of pledging $133 billion for sustainable energy by 2025 and phasing out coal financing by 2030. It does not mandate action but calls on institutions to align with Paris Agreement goals and reduce fossil fuel funding.
New Jersey's S 604 prohibits state pension and annuity funds from investing in the 200 largest publicly traded fossil fuel companies, ranked by carbon content in their oil, gas, and coal reserves. It requires full divestment from these companies within one year (two years for coal companies), with exceptions allowing temporary reinvestment if fund values drop below 99.5% of their hypothetical value without divestment. The bill mandates annual reports tracking divestment progress and compliance to the Governor, Legislature, and Attorney General. This policy directly affects the state's $100+ billion pension funds and their investment decisions regarding fossil fuel holdings.
This bill prohibits New Jersey state agencies, counties, and municipalities from adopting rules or ordinances that ban the installation or use of fossil fuel-powered kitchen appliances (like natural gas stoves or ovens) in residential or commercial kitchens, as long as the appliances meet existing federal and state safety standards. It does not prevent voluntary programs that incentivize switching to electric appliances. The law directly affects homeowners, renters, and businesses that use or install kitchen appliances, ensuring local governments cannot mandate a shift away from gas appliances while allowing incentive programs to encourage electric alternatives. The bill takes effect immediately upon passage.
SCR 18 proposes a constitutional amendment banning new fossil fuel power plants (burning coal, natural gas, oil, or petroleum) for electricity generation in New Jersey. It would not apply to repairs of existing plants or to "peaking power plants" operating at low capacity (10% or less) during peak demand periods to stabilize the grid. The amendment defines key terms like "base load" (minimum daily electricity needs) and "peak demand" to clarify exemptions. This policy change requires voter approval to take effect and would directly affect developers planning new fossil fuel facilities.
This bill requires New Jersey's Board of Public Utilities (BPU) to create a program for gas utilities to gradually increase renewable natural gas (RNG) in their supply, starting at 5% by 2024 and reaching 30% by 2050. Gas utilities can make qualifying investments in RNG infrastructure and purchase RNG from third parties to meet these targets, with costs recoverable through regulated customer rate increases. The bill establishes a rate recovery mechanism allowing utilities to pass on approved costs to customers, while capping annual incremental costs at 5% of the utility's total revenue to protect ratepayers. It directly affects gas utilities and their customers by structuring a transition toward lower-carbon energy use through a regulated cost-recovery system.
This bill requires New Jersey to amend its construction code to prohibit burning high-emission fuels (like natural gas) in most new buildings. Starting 12 months after enactment, it bans such combustion in new buildings under seven stories, expanding to all new buildings after 36 months. Exemptions apply to emergency systems, emergency facilities, and commercial kitchens, but buildings using exemptions must still be designed as "all-electric ready" where feasible. The bill also mandates a joint report on utility rate changes and allows municipalities to enforce stricter rules than the state code.
This bill allows New Jersey municipalities to pass local ordinances requiring that new buildings be constructed without natural gas connections. Under the law, municipalities could mandate that construction permits for new buildings only be issued if plans specify alternative energy sources (like electricity) instead of natural gas. The bill also requires the state commissioner to create rules for implementing these local policies, and it takes effect immediately. This directly affects developers and builders working on new construction projects in municipalities that adopt such ordinances.
S 684 establishes a three-year pilot program in New Jersey allowing gas public utilities to replace aging natural gas pipelines with geothermal energy infrastructure (like underground heating/cooling systems) and recover the project costs through customer utility rates. Gas utilities must submit detailed infrastructure plans to the Board of Public Utilities for approval, which will evaluate project costs, benefits like reduced emissions, and impacts on ratepayers. The program requires annual reports to the Governor and Legislature, with a final assessment on whether to make it permanent. This directly affects gas utilities operating in New Jersey, aiming to transition infrastructure toward renewable geothermal energy.
This bill (S 2735) exempts sales of fuel cell devices and systems from New Jersey's sales and use tax. It applies to devices that generate electricity from fuel without combustion (e.g., for heating, cooling, or power) and covers related tangible property. The exemption also extends to fuels like natural gas, propane, and hydrogen used in these systems. This directly benefits businesses and consumers purchasing fuel cell technology for energy use.
