A 4716
Prohibits BPU approval of electric or gas public utility rate increases resulting in total increase to average residential customer bill in excess of two percent within five-year period.
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Sign in to take action- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill limits the increases that New Jersey’s Board of Public Utilities (BPU) can approve for electric and gas utility rates. It prevents the BPU from allowing rate increases that would cause the average residential customer’s bill to rise by more than two percent over a five-year period. The goal is to protect consumers from excessive utility costs. The bill takes effect immediately upon passage.
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Primary sponsor
Shanique Speight
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