A 3499 New Jersey General Assembly · 2024-2025 Regular Session

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
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Feb 5, 2024
Introduced
Introduced in the Assembly, Referred to Assembly Telecommunications and Utilities Committee
lower
1 primary · 0 co-sponsors

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Role
Legislator
Party
State
District
P
Photo of Shanique Speight
Shanique Speight
DDemocratic
NJ
29