A 1462 New Jersey General Assembly · 2024-2025 Regular Session

Directs BPU to establish program concerning renewable natural gas; provides gas public utilities with customer rate recovery mechanism for costs associated with program.

This bill requires New Jersey's Board of Public Utilities (BPU) to establish a program that encourages gas utilities to adopt renewable natural gas (RNG) and invest in related infrastructure. It provides gas utilities with a mechanism to recover costs for qualifying investments and RNG procurement from customers through regulated rate adjustments, subject to BPU approval. Utilities must purchase RNG at market rates, and the BPU will set customer charges based on actual costs, including RNG supply, commodity, and administrative expenses. The program aims to support greenhouse gas reduction efforts while ensuring ratepayer protections through BPU oversight.
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2024
Committee Review
Floor Vote
Governor
Introduced Jan 9, 2024 Last action Jan 9, 2024
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Jan 9, 2024
Introduced
Introduced in the Assembly, Referred to Assembly Telecommunications and Utilities Committee
lower
3 primary · 7 co-sponsors

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