Prohibits collecting of certain costs associated with offshore wind projects from ratepayers.

This bill prohibits New Jersey electric utilities from charging ratepayers (electricity/gas bill payers) for certain costs related to offshore wind projects. It directly affects residential and business customers who pay utility bills by preventing utilities from passing these specific project expenses through their rates. The key mechanism is a legal restriction requiring utilities to absorb these costs internally rather than collecting them from customers. The bill is currently pending in the Assembly Telecommunications and Utilities Committee after introduction in 2026.