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

New Jersey's S 1986 prohibits electric utilities from passing certain costs related to offshore wind projects to ratepayers (customers). The bill specifically blocks utilities from recovering development expenses - such as site preparation or construction costs - through customer electricity bills. This directly affects ratepayers by preventing potential rate increases tied to offshore wind project financing. The key mechanism is amending existing law to exclude these costs from "basic generation service transition costs" that utilities could otherwise recover via rate adjustments. The policy change aims to shield customers from bearing direct financial burdens of offshore wind infrastructure development.