Bill > S4371

Introduced Session

This bill requires the Board of Public Utilities (board) to engage a third party to conduct a feasibility and cost savings study on the de-privatization of public utilities in this State. The third party is authorized to request information and reasonable assistance from any public utility or public entity in order to conduct the study, which is to examine the feasibility of and cost savings associated with de-privatization options, including, but not limited to: (1) acquisition or operation of existing public utilities, in part or in whole, by a public entity; and (2) joint ownership or operation of existing public utilities, in part or in whole, between a public entity and existing public utilities. The study is to include: (1) the short- and long-term challenges and benefits of each option examined, including, but not limited to, any anticipated environmental effect, impact on service, and cost to ratepayers; (2) the strengths and weaknesses of selecting each public entity considered for potential acquisition, ownership, or operation, in whole or in part, of public utilities, as well as potential organizational structures; (3) an estimation of costs, including, but not limited to, financial costs, as well as long-term financial impact on the State and any public entity involved in each option; (4) an estimation of the cost savings associated with each option examined; (5) an estimation of the amount of revenue generated by clean energy programs; and (6) any other analysis as the board directs. Any public utility or public entity is required to promptly respond to, cooperate fully with, and provide any requested information to the third party. Within a year of the bill's effective date, the board is required to submit a report to the Governor and the Legislature summarizing the findings from the study and providing recommendations as to the feasibility of, need for, cost savings associated with, and plan for the de-privatization of public utilities in this State. The report is to include recommendations for legislative, executive, and other actions. The bill appropriates $100,000 from the General Fund to the board to implement the provisions of the bill. With this legislation, the sponsor intends to encourage the State to explore opportunities to provide utility services as a public good for utility customers across New Jersey.

Committee Categories

Brian Stack (D)*,  Britnee Timberlake (D)*,  Renee Burgess (D), 

Introduced in the Senate, Referred to Senate Economic Growth Committee (on 05/12/2025)

Official Document