New Jersey A4520 prohibits electric public utilities from imposing reconciliation charges on customers.
New Jersey A4520 prohibits electric public utilities from imposing reconciliation charges on customers. A reconciliation charge is a fee charged to help the utility recover the difference between estimated and actual costs to provide electricity service. The bill aims to encourage utilities to engage in long-term financial planning and reduce their reliance on ratepayers for recovering financial losses due to business decisions. The act takes effect immediately.
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