Requires BPU to post on its website report from public utility on public utility's capital investments in response to petition from public utility to increase rates.
This bill requires public utilities (like electric, gas, or water providers) to submit a report analyzing their capital investments when requesting a rate increase from the Board of Public Utilities (BPU). The BPU must then post this report on its website within 30 days, removing any confidential business information before sharing it. The report helps determine if the utility’s proposed rate increase fairly covers its investment costs. This applies specifically to rate increase petitions filed under state law, increasing transparency in the rate-setting process.
Bill status
in committee
1 of 4 stages cleared
Introduction
Feb 2024
Committee Review
Floor Vote
Governor
Introduced Feb 5, 2024
Last action Feb 5, 2024
Floor votes
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Full legislative history
Actions timeline
Total actions
1
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0
Committee
0
Feb 5, 2024
Introduced
Introduced in the Assembly, Referred to Assembly Telecommunications and Utilities Committee
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Shanique Speight
DDemocratic
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