Local news- Press Release
New Jersey League of Municipalities New Jersey - Bill That Could Increase Utility Costs Advances 05 January 2024 ( news )
New Jersey League of Municipalities , state New Jersey ( By Press Release office)
Jan 05,2024
| 6| 1
The Senate Budget and Appropriations Committee has favorably release
d
S - 3184
, which would
establish
a “Resiliency and Environmental System Investment Charge Program . ”
The bill is now scheduled for a vote in the Senate on Monday , January 8 .
The program would allow water and wastewater utilities to recover , outside of their rates , the cost of investment in certain non - revenue producing utility system components that enhance water and wastewater system resiliency , environmental compliance , safety , and public health .
While investment in these components is necessary and wise , utilities would be allowed to recover these costs outside of strict oversight from the Board of Public Utilities and Rate Counsel .
This will
,
undoubtedly
,
lead to increased water and wastewater bills for municipalities
serviced by water or wastewater utilities . For th
is
reason , the League opposes this legislation .
The Assembly counterpart ,
A - 4791
,
was
passed in the Assembly
in December
by
a vote of 69 - 4
. If passed in the Senate on
Monday ,
the measure would head to Governor Murphy for his consideration .
Contact:
Frank Marshall , Esq . , Associate General Counsel
,
fmarshall@njlm . org
,
609 - 695 - 3481 , x137 .
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Press release information :
Direct link to press release:
Click here .
