Requires BPU to adjust societal benefits charge if excess funds are collected and provides that excess funds may only be spent on measures to reduce electric and natural gas usage.

New Jersey Assembly Bill A5113 requires the Board of Public Utilities (BPU) to adjust the societal benefits charge (SBC) if excess funds are collected beyond what's needed to cover approved costs like social programs, nuclear decommissioning, and energy efficiency initiatives. If excess funds remain, the BPU must either lower the SBC for the next energy year or spend the funds *only* on measures to reduce electric and natural gas usage by ratepayers. The bill restricts the use of excess SBC funds - which previously included a $48.6 million one-time payment to low-income households - to energy reduction programs, not other purposes. This directly affects utilities, the BPU, and all electric/gas ratepayers in New Jersey.