Bill
A 5438
"Public Utility Fair Profit Act"; requires public utilities to take certain actions regarding excess profits and directs fines for violations to fund utility assistance programs.
2024-2025 Regular Session
Introduced by Reginald Atkins and 1 co-sponsor
Bill A 5438 caps utility profits in New Jersey and funnels violation fines into low-income assistance programs while utilities argue it threatens infrastructure investment.
Reported out of Assembly Committee with Amendments, 2nd Reading