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bills
All energy bills
This bill (S 143) blocks public utilities regulated by New Jersey's Board of Public Utilities (BPU) from filing requests for rate increases during specific periods. It prohibits filings when the BPU has ordered a base rate case to check if a utility exceeded its authorized return rate, or when the BPU is actively investigating such an overage. The restriction remains in place until the BPU concludes the case or investigation. This applies to all public utilities subject to BPU oversight in New Jersey.
This bill requires New Jersey's electric public utilities to create and implement grid modernization plans within one year. The plans must address projects like improving storm resilience, integrating renewable energy, and meeting climate goals, with cost estimates and timelines. Utilities can recover implementation costs through rate adjustments, while a new $300 million Grid Modernization Ratepayer Relief Fund will provide financial assistance to customers facing rate increases. The Board of Public Utilities reviews and approves these plans, ensuring they align with state climate objectives and cost-effectiveness. The bill directly affects all electric utilities operating in New Jersey and their ratepayers.
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.
S 454 requires New Jersey's Board of Public Utilities (BPU) to consider whether proposed electricity rate increases are affordable for customers before approving them. This directly affects electric utilities seeking rate hikes and the households and businesses that pay their bills. The bill adds "affordability to ratepayers" as a mandatory factor the BPU must evaluate, alongside existing considerations like utility costs and return on investment. It applies to all future rate cases submitted after the bill takes effect.
This bill requires New Jersey's Division of Rate Counsel to evaluate environmental impacts when representing the public interest in utility rate or service decisions. It mandates consideration of climate effects, including the social cost of carbon, how proposals affect the state's de-carbonization goals, and whether they worsen environmental health burdens in overburdened communities. The Division must prioritize cases with the greatest potential impact on climate, carbon goals, or environmental stressors. This change applies to all utility rate proceedings where the Division advocates for the public interest. The bill directly affects how utility rate decisions are reviewed by the state.
New Jersey's S 2463 bill withdraws the state from the Regional Greenhouse Gas Initiative (RGGI), a multi-state program targeting carbon emissions, and repeals the "Global Warming Response Act" along with related climate laws. It directs the Environmental Protection Commissioner to notify RGGI officials of New Jersey's withdrawal 30 days after the bill takes effect. All unencumbered funds previously held in the "Global Warming Solutions Fund" are transferred to the General Fund for ratepayer relief. This bill directly affects New Jersey's climate policy framework by ending its participation in RGGI and redirecting climate-related funding.