Prohibits public utility from filing rate increase petition under certain circumstances.
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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 prevents public utility companies in New Jersey from requesting rate increases while the state’s Board of Public Utilities is either investigating or has directed the utility to determine if it’s exceeding its authorized rate of return. The prohibition continues until the board concludes those proceedings. This legislation aims to ensure that rate increases are only considered after a thorough review of the utility’s financial performance.
Bill text
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Document of record
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Sponsors
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2 on record
Primary sponsors
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