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NJ S939

Bill

Official Source

Status

Introduced

1/13/2026

Primary Sponsor

Michael Testa

Click for details

Origin

Senate

2026-2027 Regular Session

AI Summary

  • Abolishes the New Jersey Board of Public Utilities (BPU) and transfers all functions, powers, and duties to the Department of Treasury
  • Transfer subject to the State Agency Transfer Act (P.L.1971, c.375), including all records, equipment, personal property, appropriations, and unexpended funds
  • Takes effect on the first day of the sixth month following enactment
  • Sponsored by Senators Testa (District 1) and Steinhardt (District 23), with co-sponsorship by Senator Corrado
  • Aims to address rising electricity rates and encourage reassessment of energy policies to prioritize affordability and reliability for ratepayers

Legislative Description

Abolishes BPU; transfers responsibilities to Department of Treasury.

Economic Growth

Last Action

Introduced in the Senate, Referred to Senate Economic Growth Committee

1/13/2026

Committee Referrals

Economic Growth1/13/2026

Full Bill Text

No bill text available