S 3373
Requires BPU to publish plain language summary of its final decision on rate increase filings.
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- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
Bill overview
This bill requires the New Jersey Board of Public Utilities (BPU) to provide a plain language summary alongside its final decisions on public utility rate increase requests. The summary must detail the utility’s initial request, the BPU’s justification for its decision, the impact on customers, the specific rate changes, the utility’s rate of return, and the timeline for cost recovery. This aims to make complex rate increase decisions more understandable for consumers.
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