Bill Text: NJ A5054 | 2024-2025 | Regular Session | Introduced
Bill Title: Requires BPU to review and report on rates and revenues of electric public utilities that use smart meters.
Spectrum: Slight Partisan Bill (Republican 2-1)
Status: (Introduced) 2024-12-09 - Introduced, Referred to Assembly Telecommunications and Utilities Committee [A5054 Detail]
Download: New_Jersey-2024-A5054-Introduced.html
Sponsored by:
Assemblyman GREGORY E. MYHRE
District 9 (Ocean)
Co-Sponsored by:
Assemblymen Inganamort and Kennedy
SYNOPSIS
Requires BPU to review and report on rates and revenues of electric public utilities that use smart meters.
CURRENT VERSION OF TEXT
As introduced.
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.
