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NJ S3684

NJ S3684
"Energy Security and Affordability Act"; requires BPU to consider energy security, diversity, and affordability when preparing Energy Master Plan and perform economic and ratepayer impact analysis of energy generation projects and Energy Master Plan.


summary

Introduced
02/28/2023
In Committee
02/28/2023
Crossed Over
Passed
Dead
01/08/2024

Introduced Session

2022-2023 Regular Session

Bill Summary

"Energy Security and Affordability Act"; requires BPU to consider energy security, diversity, and affordability when preparing Energy Master Plan and perform economic and ratepayer impact analysis of energy generation projects and Energy Master Plan.

AI Summary

This bill, the "Energy Security and Affordability Act," requires the New Jersey Board of Public Utilities (BPU) to consider energy security, diversity, and affordability when preparing the state's Energy Master Plan. The bill also mandates that the BPU perform an economic and ratepayer impact analysis of energy generation projects and the Energy Master Plan before granting final approval. This analysis must use open-source modeling software, provide an opportunity for public comment, and be published and maintained on the BPU's website for at least 10 years. Additionally, the BPU must provide annual in-person testimony to the relevant legislative committees on these analyses.

Committee Categories

Agriculture and Natural Resources

Sponsors (3)

Last Action

Motion To Table (20-15) (Ruiz) (on 06/20/2023)

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