New Jersey S939 abolishes the Board of Public Utilities and transfers its responsibilities to the Department of the Treasury.
New Jersey S939 abolishes the Board of Public Utilities and transfers all its functions, powers, and duties to the Department of the Treasury. The transfer is to be conducted pursuant to the "State Agency Transfer Act." This includes the transfer of all records, equipment, personal property, appropriations, and unexpended balances of funds. The bill aims to encourage the State to reassess its approach to energy policies, potentially impacting utility rates, and prioritize energy affordability and reliability for ratepayers.
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