"Utility Rate Recovery Fairness Act"; prohibits electric public utilities and gas public utilities from recovering certain costs.
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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, the Utility Rate Recovery Fairness Act, aims to prevent electric and gas public utilities in New Jersey from recovering certain costs associated with regulatory proceedings. Specifically, it prohibits utilities from charging customers for expenses related to legal fees, expert witnesses, employee time spent on rate cases, industry association dues, lobbying activities, and executive travel expenses. The goal is to ensure that utility rates are more transparent and reflect actual operational costs.
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