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NJ S4371
Bill
Status
5/12/2025
Primary Sponsor
Britnee Timberlake
Click for details
AI Summary
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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
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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
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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
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Public utilities and public entities are required to cooperate fully and provide requested information to the third-party study conductor
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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