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 Senate
- Passed General Assembly
- To Governor
- Became Law
Overview
This bill prevents public utilities in New Jersey from seeking rate increases while the state’s Board of Public Utilities is either conducting a base rate case to determine if a utility’s rates are too high or investigating such a possibility. The prohibition continues until the board concludes these proceedings. This aims to ensure that rate increases are only considered after a thorough review of a utility’s financial performance.
Bill text
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Document of record
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- Introduced
- Published
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Sponsors
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1 on record
Primary sponsor
James Holzapfel
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