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A1840
ASSEMBLY, No. 1840
STATE OF NEW JERSEY
222nd LEGISLATURE
�
PRE-FILED FOR INTRODUCTION IN THE 2026 SESSION
Sponsored by:
Assemblyman GREGORY E. MYHRE
District 9 (Ocean)
Co-Sponsored by:
Assemblymen Inganamort, Kennedy and Scharfenberger
SYNOPSIS
���� Requires BPU to review and report on rates and
revenues of electric public utilities that use smart meters.
CURRENT VERSION OF TEXT
���� Introduced Pending Technical Review by Legislative
Counsel.
��
An Act
requiring the Board of Public Utilities to review the
rates and revenues of certain electric public utilities.
����
Be It
Enacted
by the Senate and General Assembly of
the State of New Jersey:
���� 1.��� a.� For the purposes of
this section:
���� �Board� means the Board of
Public Utilities.
���� �Electric public utility�
means a public utility, as that term is defined in R.S.48:2-13, that distributes
electricity to end users within this State.
���� �Smart meter� means an
electric metering device that employs smart meter technology to measure and
record electricity usage data for billing and other purposes and identifies a
customer�s electricity consumption in greater detail than a conventional meter.�
�Smart meter� shall include a basic hourly interval meter, a meter with one-way
communication, and a real-time meter with built-in two-way communication
capable of recording and transmitting instantaneous electric usage data.
���� b.��� The Board of Public
Utilities shall review the electric rates charged and the revenues collected by
any electric public utility that uses smart meters for billing.� The board�s
review shall include a comparison of rates and revenue amounts, for each electric
public utility, prior to and following the electric public utility�s
installation of smart meters.
���� c.���� Within six months after
the effective date of this act, the board shall submit, to the Governor and,
pursuant to section 2 of P.L.1991, c.164 (C.52:14-19.1), to the Legislature, a
written report that summarizes the board�s findings during its review conducted
pursuant to subsection b. of this section.
���� 2.��� This act shall take
effect immediately and shall expire upon the board�s submission of its report
as required pursuant to subsection c. of section 1 of this act.
STATEMENT
���� This bill requires the Board
of Public Utilities (board) to review the electric rates charged and the
revenues collected by any electric public utility that uses smart meters.� The
board�s review is to include a comparison of rates and revenue amounts, for
each electric public utility, prior to and following the electric public
utility�s installation of smart meters.� Within six months after the bill is
enacted, the board is required to submit a written report that summarizes the board�s
findings to the Governor and the Legislature.