Requires public utility to charge nonprofit organization residential rate.
Impact
If enacted, A4207 will alter existing state laws regarding utility rates specifically for nonprofit organizations as defined under federal tax guidelines. The implications are significant; by establishing a residential rate for nonprofits, the bill is expected to improve affordability for these organizations, thereby enhancing their capacity to deliver services. Furthermore, it could encourage the growth of nonprofits within the state, promoting a more vibrant civil society.
Summary
Assembly Bill A4207, introduced in May 2024, mandates that public utilities charge nonprofit organizations a residential rate for the electricity or water services provided at their primary operational locations. This provision applies only if the residential rate is lower than the commercial rate, offering financial relief to non-profits that often operate under tight budgets. The bill aims to alleviate the financial burden faced by nonprofits, which play critical roles in social services and community programs.
Contention
Debates surrounding Bill A4207 may highlight concerns related to the practicality of its implementation, including how public utilities would designate and verify qualifying organizations as nonprofits. Additionally, there could be discussions on the potential financial impacts on utility companies, particularly regarding revenue adjustments resulting from widespread application of the residential rate. Opponents might argue that such a measure could result in higher costs for other customers or could complicate the billing process.
Requires electric public utility to charge residential rate for service used by residential customer for electric vehicle charging at charging stations within certain designated parking spaces.
Requires electric public utility to charge residential rate for service used by residential customer for electric vehicle charging at charging stations within certain designated parking spaces.
Directs certain unclaimed electric, gas, and water public utility deposits in Unclaimed Utility Deposits Trust Fund and societal charge revenues to be paid to Statewide nonprofit public utility assistance organizations meeting certain eligibility criteria.
Directs certain unclaimed electric, gas, and water public utility deposits in Unclaimed Utility Deposits Trust Fund and societal charge revenues to be paid to Statewide nonprofit public utility assistance organizations meeting certain eligibility criteria.
Requires electric public utilities to submit new tariffs for commercial customers for BPU approval; regulates non-volumetric electricity fees charged to operators of fast charging electric vehicle chargers.
Requires electric public utilities to submit new tariffs for commercial customers for BPU approval; regulates non-volumetric electricity fees charged to operators of fast charging electric vehicle chargers.
Grants a right of first offer to qualified nonprofits for the purchase of certain multi-family residential properties at market prices, within a reasonable period of time to promote the creation and preservation of affordable rental housing.
Grants a right of first offer to qualified nonprofits for the purchase of certain multi-family residential properties at market prices, within a reasonable period of time to promote the creation and preservation of affordable rental housing.
Grants a right of first offer to qualified nonprofits for the purchase of certain multi-family residential properties at market prices, within a reasonable period of time to promote the creation and preservation of affordable rental housing.