Abolishes BPU; transfers responsibilities to Department of Treasury.
This bill abolishes New Jersey's Board of Public Utilities (BPU) and transfers all of its responsibilities - including regulating electricity, gas, and water utilities - to the Department of the Treasury. The transfer will follow the State Agency Transfer Act, moving all BPU records, equipment, funds, and unspent appropriations to the Treasury Department. This change directly affects the BPU (which ceases to exist) and the Treasury Department (which assumes new regulatory duties). The bill does not alter utility rates or policies but reorganizes the state agency managing utility oversight.
Bill status
in committee
1 of 4 stages cleared
Introduction
Mar 2025
Committee Review
Floor Vote
Governor
Introduced Mar 24, 2025
Last action Mar 24, 2025
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
1
Key actions
0
Committee
0
Mar 24, 2025
Introduced
Introduced in the Senate, Referred to Senate Economic Growth Committee
upper
2 primary · 1 co-sponsor
Sponsors
Role
Legislator
Party
State
District
P
Doug Steinhardt
RRepublican
P
Mike Testa
RRepublican
Co
Kristin Corrado
RRepublican
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