Prohibits public utility from increasing rates until conclusion of hearing and BPU determination that rate increase is just and reasonable.
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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 utilities in New Jersey from raising rates until the Board of Public Utilities (BPU) has completed a hearing and made a determination that the proposed rate increase is ‘just and reasonable.’ Currently, utilities can request rate increases and receive approval before a full hearing and BPU review. This legislation aims to ensure a more thorough evaluation of rate increases and protect consumers.
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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