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
Floor votes
How they voted
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Full legislative history
Actions timeline
Total actions
1
Key actions
0
Committee
0
Jan 9, 2024
Introduced
Introduced in the Assembly, Referred to Assembly Telecommunications and Utilities Committee
lower
3 primary · 7 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Lou Greenwald
DDemocratic
P
NM
Nancy Muñoz
RRepublican
P
Robert Karabinchak
DDemocratic
Co
Bill Spearman
DDemocratic
Co
Cody Miller
DDemocratic
Co
Dan Hutchison
DDemocratic
Co
Gerry Scharfenberger
RRepublican
Co
Greg Myhre
RRepublican
Co
Lisa Swain
DDemocratic
Co
Verlina Reynolds-Jackson
DDemocratic
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