New Jersey A2855 mandates the Board of Public Utilities to use offshore wind project settlement funds for ratepayer relief.
New Jersey A2855 requires the Board of Public Utilities to use funds from a settlement agreement with Orsted for canceled offshore wind projects to provide relief to electric public utility customers. The board must establish a timeline and method for administering this relief through rulemaking. This act takes effect immediately.
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- Core Provisions
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- Impact
- Legal Framework
- Critical Issues
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