Directs unclaimed electric and gas utility deposits to be paid to nonprofit energy assistance organizations.
This bill mandates that unclaimed property deposits from electric and gas public utilities be allocated to Statewide nonprofit energy assistance organizations designated by the Board of Public Utilities. It also requires the Board of Public Utilities to issue a report on the utility assistance programs funded by the Unclaimed Utility Deposits Trust Fund and the societal benefits charge, including recommendations to maximize the availability and efficiency of the utility assistance programs.
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