S.2839

"Energy Security and Affordability Act"; requires BPU to consider energy security, diversity, and affordability when preparing Energy Master Plan and perform economic and ratepayer impact analysis of energy generation projects and Energy Master Plan.

Introduced·3/4/24
Introduced Text

New Jersey S2839 mandates the Board of Public Utilities to consider energy security, diversity, and affordability when preparing the Energy Master.

New Jersey S2839, the "Energy Security and Affordability Act," amends the State’s Energy Master Plan to require the Board of Public Utilities (BPU) to consider energy security, diversity, and affordability when preparing the Energy Master Plan. The bill also mandates the BPU to perform an economic and ratepayer impact analysis of any energy generation facility project before issuing final approval. This analysis must detail the cost, financial impact to the State and local governments, effect on ratepayers, and economic impact of the energy policy or project.

Included in complete analysis

  • Overview
  • Core Provisions
  • Implementation
  • Impact
  • Legal Framework
  • Critical Issues

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Where it stands

Current
Environment and Energy Committee
Next
Session adjourned — paused until it reconvenes

Sponsors

0
15
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Democratic CaucusRepublican Caucus

History

Mar 4, 2024

Senate

Introduced in the Senate, Referred to Senate Environment and Energy Committee