Concerns electric and gas public utility rate setting procedures and economic impact studies.
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Overview
This bill aims to regulate how electric and gas utility rates are set in New Jersey. It specifically prohibits utility companies from increasing rates using an ‘income-graduated’ methodology for charges like fixed or volumetric fees. Furthermore, the bill requires the state’s Board of Public Utilities to conduct economic impact studies before approving any rate increases, ensuring a review of the potential effects on ratepayers.
Bill text
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Document of record
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Sponsors
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1 on record
Primary sponsor
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