S4319 • 2026

"Stop Misappropriating Ratepayer Tariffs for Excessive Resources Act"; prohibits rate of recovery of costs associated with smart grid projects.

Passed Legislature

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

Sponsor: Amato, Carmen F., Jr.
Last action: 2026-05-21
Official status: Introduced in the Senate, Referred to Senate Economic Growth 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.

"Stop Misappropriating Ratepayer Tariffs for Excessive Resources Act"; prohibits rate of recovery of costs associated with smart grid projects.

What This Bill Does

"Stop Misappropriating Ratepayer Tariffs for Excessive Resources Act"; prohibits rate of recovery of costs associated with smart grid projects.
Topic: Economic Growth 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

2026-05-21 New Jersey Legislature
Introduced in the Senate, Referred to Senate Economic Growth Committee

Official Summary Text

"Stop Misappropriating Ratepayer Tariffs for Excessive Resources Act"; prohibits rate of recovery of costs associated with smart grid projects.
Topic:
Economic Growth
Fiscal note:
This bill has not been certified by OLS for a fiscal note.

Current Bill Text

Read the full stored bill text

S4319

SENATE, No. 4319

STATE OF NEW JERSEY

222nd LEGISLATURE

�

INTRODUCED MAY 21, 2026

Sponsored by:

Senator� CARMEN F. AMATO, JR.

District 9 (Ocean)

SYNOPSIS

���� �Stop Misappropriating Ratepayer Tariffs for
Excessive Resources Act�; prohibits rate recovery of costs associated with
smart grid projects.

CURRENT VERSION OF TEXT

���� As introduced.

��

An Act
prohibiting cost recovery of certain smart grid
projects and supplementing Title 48 of the Revised Statutes.

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

���� 1.��� This act shall be known
and may be cited as the �Stop Misappropriating Ratepayer Tariffs for Excessive
Resources Act.�

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

���� �Electric public 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.

���� �Societal benefits charge�
means the same as that term is defined pursuant to section 3 of P.L.1999, c.23
(C.48:3-51).

���� b.��� Notwithstanding any law,
rule, regulation, or order to the contrary, after the effective date of this
section, an electric public utility shall not recover any cost associated with the
deployment of a smart grid system, including, but not limited to, capital
expenditures and operating expenditures, through any component of the rates
charged to the electric public utility�s ratepayers, including, but not limited
to, the societal benefits charge.

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

STATEMENT

���� This bill prohibits an electric
public utility from recovering costs related to the deployment of a smart grid
system through any component of the rates charged to the electric public
utility�s ratepayers, including, but not limited to, the societal benefits
charge.