Eliminates demand side management programs from cost recovery through societal benefits charge.

This bill eliminates demand side management programs (like energy efficiency initiatives) from being funded through New Jersey's societal benefits charge. It deletes a specific provision (section 12(3)) that previously allowed electric and gas utilities to recover costs for these programs via a mandatory charge on all customers. The change means utilities can no longer use this specific charge to fund demand side management programs, shifting how those costs might be recovered. This directly affects utilities and the programs they administer, removing a dedicated funding mechanism for energy efficiency and related initiatives.