New Jersey Legislation Targeting Energy Companies Will Hurt Consumers
9 hours ago Guest Blogger
By Marc Brown
Energy affordability is on the ballot this year. Unfortunately, extremists in Trenton are once again pushing a bill in the New Jersey State House that will hurt consumers wallets with no tangible benefit—except to line their own pockets. New Jerseyans must see through the smokescreen and realize this burdensome and disruptive legislative policy will chase companies out of the state and cost New Jersey families high-paying jobs, tax revenues and an affordable and reliable energy supply.
Fringe anti-energy activists are pushing this misguided policy are trying to mislead the public by changing the title of the bill. The Climate Revolution Action Network and Working Families Party opted to ditch the bill’s prior name, “Climate Superfund Act”, in favor of a more catchy and polarizing term. By branding S2338 the “Polluter Pays to Make New Jersey More Affordable Act,” the bill’s proponents are hoping you pay more attention to words than billions of dollars in costs.
The policies in S2338 would impose up to $5.5 billion in penalties annually on energy companies. That is $600 dollars out of the pockets of every man, woman and child in the Garden State. Hardly affordable and antithetical to Governor Sherrill’s campaign promise of reigning in rising energy costs.
The threat of billions in additional costs to families and businesses has created unlikely partners who have decided jobs, economic development, energy affordability and reliability are all causes worth fighting for together.
https://wattsupwiththat.com/2026/03/24/new-jersey-legislation-targeting-energy-companies-will-hurt-consumers/
