A 419
Concerns electric and gas public utility rate setting procedures and economic impact studies.
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- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Bill 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.
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