Imposes 10 percent electric public utility windfall surtax on taxpayers with allocated taxable net income in excess of $10 million under CBT.

This bill imposes a 10% surtax on electric utilities in New Jersey with annual profits exceeding $10 million, calculated using the same definition of "allocated taxable net income" as the state's corporate business tax. The tax applies in addition to existing corporate taxes and generates revenue that must fund state utility assistance programs, such as the Winter Termination Program and Low Income Home Energy Assistance. Utilities cannot pass this tax cost to customers through rate increases, and no tax credits apply except for specific payment-related adjustments. All revenue collected (excluding constitutionally dedicated funds) is directed annually to support programs helping low-income residents with energy costs.