This bill mandates that the Board of Public Utilities (BPU) disclose specific information regarding reports prepared by outside consultants. When the BPU employs, retains, or engages such consultants, the total cost of the report preparation and the name of the entity that prepared the report must be included on either the cover or the front page of the report.

The intent behind this legislation is to enhance transparency regarding the expenditure of ratepayer funds on reports, many of which may duplicate existing information related to the state's energy strategy. By requiring this disclosure, the bill aims to inform ratepayers about how their money is being spent and who is benefiting from these payments. The act is set to take effect immediately upon passage.