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A4520 • 2026

Prohibits electric public utilities from imposing reconciliation charge on customers.

Prohibits electric public utilities from imposing reconciliation charge on customers.

Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor
Sauickie, Alex
Last action
2026-03-09
Official status
Introduced, Referred to Assembly Telecommunications and Utilities Committee
Effective date
Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Prohibits electric public utilities from imposing reconciliation charge on customers.

Prohibits electric public utilities from imposing reconciliation charge on customers.

What This Bill Does

  • Prohibits electric public utilities from imposing reconciliation charge on customers.
  • Topic: Telecommunications and Utilities Fiscal note: This bill has not been certified by OLS for a fiscal note.

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

  1. 2026-03-09 New Jersey Legislature

    Introduced, Referred to Assembly Telecommunications and Utilities Committee

Official Summary Text

Prohibits electric public utilities from imposing reconciliation charge on customers.
Topic:
Telecommunications and Utilities
Fiscal note:
This bill has not been certified by OLS for a fiscal note.

Current Bill Text

Read the full stored bill text 
A4520

ASSEMBLY, No. 4520

STATE OF NEW JERSEY

222nd LEGISLATURE

�

INTRODUCED MARCH 9, 2026

Sponsored by:

Assemblyman� ALEX SAUICKIE

District 12 (Burlington, Middlesex, Monmouth and Ocean)

Co-Sponsored by:

Assemblyman Scharfenberger and Assemblywoman Flynn

SYNOPSIS

���� Prohibits electric public utilities from imposing
reconciliation charge on customers.

CURRENT VERSION OF TEXT

���� As introduced.

��

An Act
concerning reconciliation charges and supplementing
Title 48 of the Revised Statutes.

����
Be It
Enacted
by the Senate and General Assembly of
the State of New Jersey:

���� 1.��� a.� As used in this
section:�

���� �Electric public utility� or
�utility� means a public utility, as that term is defined in R.S.48:2-13, that
transmits and distributes electricity to end users within the State.

���� �Reconciliation charge� means
a positive dollar amount charged to utility customers by an electric public
utility to help the utility recover the difference between estimated and actual
costs to provide electricity service to utility customers, which costs are
eligible for rate recovery and shall include, but not be limited to: �basic
generation service costs and associated administrative costs; fees; credits;
taxes; and interest.

���� b.��� Notwithstanding any
other law, rule, regulation, or order to the contrary, an electric public
utility shall not impose a reconciliation charge on its customers.

���� 2.��� This act shall take
effect immediately.

STATEMENT

���� This bill prohibits an
electric public utility (utility) from imposing a reconciliation charge on its
customers.� Under the bill, a �reconciliation charge� means a positive dollar
amount charged to utility customers by an electric public utility to help the
utility recover the difference between estimated and actual costs to provide
electricity service to utility customers, which costs are eligible for rate
recovery and include, but are not limited to: �basic generation service costs
and associated administrative costs; fees; credits; taxes; and interest.

���� It is the sponsor�s intent to
encourage utilities to engage in long-term financial planning and become less
dependent on ratepayers to help utilities recover financial losses due to the
utilities� own business decisions.