Bill
Bill > A4791
summary
Introduced
10/17/2022
10/17/2022
In Committee
01/04/2024
01/04/2024
Crossed Over
01/08/2024
01/08/2024
Passed
01/08/2024
01/08/2024
Dead
Signed/Enacted/Adopted
01/16/2024
01/16/2024
Introduced Session
2022-2023 Regular Session
Bill Summary
Establishes "Resiliency and Environmental System Investment Charge Program."
AI Summary
This bill establishes the "Resiliency and Environmental System Investment Charge Program" (RESIC) to allow water and wastewater utilities in New Jersey to recover costs associated with projects that comply with certain environmental requirements or enhance the resiliency, health, safety, or environmental protection of their customers, employees, or the public. The bill outlines the process for utilities to obtain approval for RESIC rates, including submitting a foundational filing with project details, and allows for semi-annual adjustments to the RESIC rate, subject to a cap not to exceed 5% of the utility's total annual revenue. The bill also specifies how the RESIC revenue requirement and rate are calculated, and requires utilities to separately identify the RESIC charge on customer bills.
Committee Categories
Agriculture and Natural Resources, Budget and Finance
Sponsors (8)
Patrick Diegnan (D)*,
Shama Haider (D)*,
Jim Kennedy (D)*,
John McKeon (D)*,
Paul Sarlo (D)*,
Gordon Johnson (D),
Carol Murphy (D),
Shanique Speight (D),
Last Action
Approved P.L.2023, c.315. (on 01/16/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2022/A4791 |
| Fiscal Note - Fiscal Estimate 1/10/24; 3R | https://pub.njleg.gov/Bills/2022/A5000/4791_E2.PDF |
| BillText | https://pub.njleg.gov/Bills/2022/A5000/4791_R3.HTM |
| Analysis - Statement SBA 1/4/24 2R | https://pub.njleg.gov/Bills/2022/A5000/4791_S4.PDF |
| BillText | https://pub.njleg.gov/Bills/2022/A5000/4791_R2.HTM |
| Analysis - Statement Senate Statement 12/21/23 1R | https://pub.njleg.gov/Bills/2022/A5000/4791_S3.PDF |
| Fiscal Note - Fiscal Estimate 12/11/23; 1R | https://pub.njleg.gov/Bills/2022/A5000/4791_E1.PDF |
| Analysis - Statement AAP 12/4/23 | https://pub.njleg.gov/Bills/2022/A5000/4791_S2.PDF |
| BillText | https://pub.njleg.gov/Bills/2022/A5000/4791_R1.HTM |
| Analysis - Statement AEN 6/15/23 | https://pub.njleg.gov/Bills/2022/A5000/4791_S1.PDF |
| BillText | https://pub.njleg.gov/Bills/2022/A5000/4791_I1.HTM |
| Bill | https://pub.njleg.gov/Bills/2022/A5000/4791_I1.PDF |
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