Sherrill signs three bills to lower NJ electricity costs

The bills enact a new rate setting process for data centers, boost state oversight of some transmission projects, and lower utility profits.

By: Nikita Biryukov

Outlets: New Jersey Monitor

Published: July 7, 2026

Words: 795

Last Updated: 2 weeks, 1 day ago

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Gov. Mikie Sherrill signed a trio of bills meant to lower electricity prices and blunt the impact data centers have on them Tuesday.

The bills would create a separate rate-setting process specific to data centers, eliminate a bump to return on equity New Jersey’s utilities get for joining the state’s regional grid, and require utilities get new approvals from the state before building some types of transmission infrastructure whose costs are ultimately borne by ratepayers.

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