New Jersey legislation · 2026-2027 Regular Session
New Jersey A5434: Regional Greenhouse Gas Initiativesuspend New Jersey participation
Status: In committee, September 10, 2026
Suspends New Jersey participation in Regional Greenhouse Gas Initiative; establishes temporary carbon dioxide mitigation fee on energy generation units in New Jersey.
What the bill says
An Act concerning State emissions mitigation programs, amending various sections of the statutory law, and supplementing Title 26 of the Revised Statutes.
From the introduced text, September 10, 2026:
An Act concerning State emissions mitigation programs, amending various sections of the statutory law, and supplementing Title 26 of the Revised Statutes. Be It Enacted by the Senate and General Assembly of the State of New Jersey: 1. (New section) a. The Legislature finds and declares that: (1) the State has long supported responsible environmental stewardship, emissions reduction, energy efficiency, and the transition toward cleaner energy resources while also recognizing the necessity of providing affordable and reliable electricity to all New Jersey residents and businesses; (2) New Jerseys participation the Regional Greenhouse Gas Initiative (RGGI) was premised on upon a carbon pricing structure that contemplated modest and predictable allowance pricing intended to support environmental programs without imposing excessive costs upon ratepayers; (3) carbon allowance prices within the RGGI program have increased substantially beyond the levels originally contemplated under State law, resulting in significant additional wholesale electricity generation costs; (4) these increased carbon allowance price compliance costs are directly incorporated into wholesale electricity pricing and are ultimately passed on to New Jersey ratepayers; (5) current RGGI carbon allowance pricing levels and volatility are expected to materially increase future basic generation service RGGI auction pricing, thereby exposing New Jersey ratepayers to higher electricity costs in future rate periods; (6) increased electricity costs disproportionately impact residential customers on fixed incomes, lowand moderate-income households, …
Sponsors
- Wayne P. DeAngelo (D, 14) · primary sponsor
Latest actions
- : INT 1RA REF ATU
Subjects: ENVIRONMENT
Common questions
- What is A5434?
- A5434 is a bill in the New Jersey Legislature (2026-2027 Regular Session): Regional Greenhouse Gas Initiativesuspend New Jersey participation.
- What does A5434 do?
- In its own words: An Act concerning State emissions mitigation programs, amending various sections of the statutory law, and supplementing Title 26 of the Revised Statutes.
- What is the status of A5434?
- In committee as of September 10, 2026. Latest action: INT 1RA REF ATU (September 10, 2026).
- Who sponsored A5434?
- Wayne P. DeAngelo (D, 14).
- Where is the official record for A5434?
- On the New Jersey Legislature website: https://www.njleg.state.nj.us/bill-search/2026/A5434
Source: official New Jersey record. Tracked by Delilah, AI for legislation across all 50 states and Congress.