Prohibits collecting of certain costs associated with offshore wind projects from ratepayers.

New Jersey's A4200 bill would prohibit ratepayers from being required to pay or prepay costs associated with subsidies for qualified offshore wind projects. Currently, electric utilities collect an OREC surcharge from ratepayers upfront to cover these costs, with later refunds based on revenue from selling ORECs. The bill specifically prohibits the Board of Public Utilities from requiring ratepayers to make any payments or prepayments for these subsidies, including OREC surcharges. This change would prevent ratepayers from having to pay for these subsidies before they are actually incurred.