Prohibits electric public utilities from imposing reconciliation charge on customers.

This bill prohibits New Jersey electric utilities from charging customers a "reconciliation charge," a fee used to recover differences between estimated and actual service costs. It directly affects all residential and commercial electricity customers in the state by eliminating this specific charge from their bills. The key provision bans the fee entirely, defining it as any amount charged to cover cost discrepancies related to electricity service (including generation, fees, taxes, and interest). The law takes effect immediately upon enactment.