1Trenton, NJ – Senator Carmen Amato is calling on state leaders to redirect more than $131 million left over from the failed Orsted offshore wind project to provide rate relief for New Jersey residents facing rising energy costs.

Amato announced Friday he will introduce legislation requiring the unused funds to be immediately distributed to offset household and small business utility bills.

The Republican senator said taxpayers should not be forced to subsidize what he called “a failed energy agenda.”

Key Points

Senator Amato to propose using $131 million in Orsted funds for ratepayer relief

Funds stem from offshore wind project that collapsed two years ago

Amato says high energy costs demand “affordability and accountability first”

Orsted’s withdrawal leaves millions unused

The D

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