Bill > A2713

Introduced Session

This bill, to be known as the "Energy Subsidies Transparency Act," would authorize the Board of Public Utilities (BPU) and the Division of Rate Counsel (rate counsel) to require a commercial entity that has received an energy-related subsidy from the BPU, or from an electric public utility or gas public utility at the direction of the BPU, to provide financial or operational information in relation to the subsidy. The bill would also require the BPU to develop, and publish on its Internet website, a list of all energy-related subsidies offered in the State by the BPU, or by an electric public utility or gas public utility at the direction of the board, including, but not limited to Class I RECs and SREC-IIs. The list would be required to be updated at least once per year. The bill would authorize the BPU to implement uniform transparency standards, applicable to all energy generation systems, regardless of fuel type, and to adopt rules to require commercial entities that receive State subsidies to publish certain financial or operational information in relation to the subsidy. Finally, the bill would require the BPU to submit an annual report to the Governor and Legislature concerning commercial entities that receive State subsidies. The intent of the bill is to encourage energy generators to either adhere to stricter accountability and oversight in their use of public funds, or to forgo subsidies and become free market entities. Since the bill's requirements would only be imposed on energy companies that choose to receive subsidies, energy companies would be free to opt-out of the requirements.

AI Summary

Committee Categories

Paul Kanitra (R)*,  Dawn Fantasia (R), 

Introduced, Referred to Assembly Telecommunications and Utilities Committee (on 01/13/2026)

Official Document