Establishes limits for electric public utility rate increases for low- and middle-income households.
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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 limits how much electric public utility rates can increase for low- and middle-income households in New Jersey. Electric companies are prohibited from raising rates for eligible households beyond the annual all-items index, which measures inflation. The bill also requires utility companies to report data on the program’s impact and make recommendations for adjustments, and establishes penalties for non-compliance. The Board of Public Utilities will oversee the implementation and enforcement of these provisions.
Bill text
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Document of record
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Sponsors
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3 on record
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