Bill
Bill > S3992
NJ S3992
NJ S3992Requires electric public utilities to develop and implement grid modernization plans; appropriates $300 million.
summary
Introduced
06/20/2023
06/20/2023
In Committee
06/20/2023
06/20/2023
Crossed Over
Passed
Dead
01/08/2024
01/08/2024
Introduced Session
2022-2023 Regular Session
Bill Summary
Requires electric public utilities to develop and implement grid modernization plans; appropriates $300 million.
AI Summary
This bill requires electric public utilities in New Jersey to develop and implement grid modernization plans to integrate energy storage, increase distributed energy resource capacity, and improve system resilience and reliability. The bill appropriates $300 million to a new Grid Modernization Ratepayer Relief Fund to provide grants to utilities to offset rate increases caused by implementing these plans. The bill also amends existing laws to allow the use of the Societal Benefits Charge and funds from the Regional Greenhouse Gas Initiative to support the grant program.
Committee Categories
Agriculture and Natural Resources
Sponsors (1)
Last Action
Senate Environment and Energy Hearing (10:00:00 11/20/2023 Committee Room 6, 1st Floor, State House Annex, Trenton, NJ) (on 11/20/2023)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2022/S3992 |
| BillText | https://pub.njleg.gov/Bills/2022/S4000/3992_I1.HTM |
Loading...