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Committee orders BPU to report how societal-benefit charge funds are spent
Summary
The committee released A804 as amended, directing the Board of Public Utilities to produce biannual, itemized reports on societal benefit charge revenues and expenditures for electric and gas utilities to the governor and legislature to increase transparency and accountability.
The Assembly Telecommunications and Utilities Committee voted to release Assembly Bill A804 as amended, a measure requiring the Board of Public Utilities (BPU) to prepare and deliver twice-yearly, itemized reports on societal benefit charge (SBC) revenues and expenditures to the governor and legislature.
Sponsor Assemblyman Selma Bailey said constituent calls…
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