Sponsored by:
Senator CARMEN F. AMATO, JR.
District 9 (Ocean)
SYNOPSIS
“Stop Misappropriating Ratepayer Tariffs for Excessive Resources Act”; prohibits rate recovery of costs associated with smart grid projects.
CURRENT VERSION OF TEXT
As introduced.
An Act prohibiting cost recovery of certain smart grid projects and supplementing Title 48 of the Revised Statutes.
Be It Enacted by the Senate and General Assembly of the State of New Jersey:
1. This act shall be known and may be cited as the “Stop Misappropriating Ratepayer Tariffs for Excessive Resources Act.”
2. a. As used in this section:
“Electric public utility” means a public utility, as that term is defined in R.S.48:2-13, that transmits and distributes electricity to end users within the State.
“Societal benefits charge” means the same as that term is defined pursuant to section 3 of P.L.1999, c.23 (C.48:3-51).
b. Notwithstanding any law, rule, regulation, or order to the contrary, after the effective date of this section, an electric public utility shall not recover any cost associated with the deployment of a smart grid system, including, but not limited to, capital expenditures and operating expenditures, through any component of the rates charged to the electric public utility’s ratepayers, including, but not limited to, the societal benefits charge.
3. This act shall take effect immediately.
STATEMENT
This bill prohibits an electric public utility from recovering costs related to the deployment of a smart grid system through any component of the rates charged to the electric public utility’s ratepayers, including, but not limited to, the societal benefits charge.