New Jersey legislation · 2026-2027 Regular Session
New Jersey S4736: Energy production, cert-req offshore wind project escrow funds be remitted
Status: In committee, October 5, 2026
Requires offshore wind project escrow funds to be remitted to BPU for certain energy production.
What the bill says
An Act concerning offshore wind project escrow funds.
From the introduced text, October 5, 2026:
An Act concerning offshore wind project escrow funds. Be It Enacted by the Senate and General Assembly of the State of New Jersey: 1. a. As used in this section: Board means the New Jersey Board of Public Utilities or any successor agency. Electric public utility means a public utility, as that term is defined pursuant to R.S.48:2-13, that transmits and distributes electricity to end users in the State. Orsted means Ørsted A/S, Orsted North America Inc., Orsted Wind Power North America LLC, Ocean Wind LLC, and Ocean Wind II, LLC. b. Notwithstanding any law, rule, regulation, order, or agreement to the contrary, all uncommitted funds received by the State from the May 25, 2024 settlement agreement with Orsted, shall be appropriated to the board, subject to the approval of the Director of the Division of Budget and Accounting. The board shall solely use such funds towards the incentivization of non-intermittent energy generation in the State, including but not limited to nuclear energy. c. The board shall adopt, pursuant to the Administrative Procedure Act, P.L.1968, c.410 (C.52:14B-1 et seq.), rules and regulations to implement the provisions of this section. 2. This act shall take effect immediately. STATEMENT This bill requires the State to appropriate, subject to the approval of the Director of the Division of Budget and Accounting, all uncommitted …
Sponsors
- Carmen F. Amato, Jr. (R, 9) · primary sponsor
Latest actions
- : INT 1RS REF SEN
Subjects: ENERGY
Common questions
- What is S4736?
- S4736 is a bill in the New Jersey Legislature (2026-2027 Regular Session): Energy production, cert-req offshore wind project escrow funds be remitted.
- What does S4736 do?
- In its own words: An Act concerning offshore wind project escrow funds.
- What is the status of S4736?
- In committee as of October 5, 2026. Latest action: INT 1RS REF SEN (October 5, 2026).
- Who sponsored S4736?
- Carmen F. Amato, Jr. (R, 9).
- Where is the official record for S4736?
- On the New Jersey Legislature website: https://www.njleg.state.nj.us/bill-search/2026/S4736
Source: official New Jersey record. Tracked by Delilah, AI for legislation across all 50 states and Congress.