New Jersey S3667 mandates the Board of Public Utilities to use offshore wind project escrow funds for ratepayer relief.
New Jersey S3667 requires the State to allocate unexpended, unencumbered, or unobligated funds from the settlement agreement with Orsted to the Board of Public Utilities. The Board must then use these funds to provide relief to electric public utility customers. The form and manner of this relief, along with the timeline, will be determined by the Board through the rulemaking process.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
Analyze for Free
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.