Establishes bill credit for certain utility customers, eliminates societal benefits charge, and concerns certain rate treatment and utility charges.

This bill directs New Jersey public utilities to stop collecting the "societal benefits charge" from all customers and instead provide a one-time direct payment to every residential electricity and gas account. The legislation requires utilities to refund any money already collected through this charge and mandates that the Board of Public Utilities distribute those funds as a universal bill credit within 30 days. Additionally, the bill shifts the funding source for programs previously supported by the charge to the state's annual budget and prohibits future utility rates from including this specific fee.