Establishes bill credit for certain utility customers, eliminates societal benefits charge, and concerns certain rate treatment and utility charges.

Summary

The bill stops electric and gas utilities in New Jersey from collecting the non‑bypassable societal benefits charge and redirects any money already collected to a one‑time credit for all residential customers. It also requires the Board of Public Utilities to adopt rules for this change and to prohibit future revenue‑recovery mechanisms tied to that charge. In addition, the bill amends existing law to create a three‑year program that funds electric school buses and related charging infrastructure, with an emphasis on equity and regional balance.

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