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NJ S4371

Bill

Status

Introduced

5/12/2025

Primary Sponsor

Britnee Timberlake

Click for details

Origin

Senate

2024-2025 Regular Session

AI Summary

  • Directs the Board of Public Utilities to hire an independent third party to study the feasibility and cost savings of de-privatizing public utilities in New Jersey

  • Study must examine options including full or partial acquisition of utilities by public entities, as well as joint ownership arrangements between public entities and existing private utilities

  • Analysis must include short- and long-term challenges and benefits, environmental impacts, effects on service quality, costs to ratepayers, potential revenue from clean energy programs, and organizational structure recommendations

  • Public utilities and public entities are required to cooperate fully and provide requested information to the third-party study conductor

  • Board must submit a report with findings and recommendations for legislative and executive action to the Governor and Legislature within one year, with $100,000 appropriated from the General Fund for the study

Legislative Description

Requires public utilities de-privatization study; appropriates $100,000.

Economic Growth

Last Action

Introduced in the Senate, Referred to Senate Economic Growth Committee

5/12/2025

Committee Referrals

Economic Growth5/12/2025

Full Bill Text

No bill text available