Prohibits certain electric public utility rate increases and requires certain protections for ratepayers.

This bill prohibits New Jersey electric utilities from raising rates specifically to cover smart meter installation costs. It requires utilities to publicly disclose rate increase details - including amount, reasons, and expected bill impact - 30 days before and after any increase, with fines up to $10,000 for noncompliance. For rate hikes causing a 5% or greater average bill increase, utilities must report to the federal Department of Energy 60 days in advance and cannot disconnect service or charge late fees for six months afterward. The bill directly affects electric utilities and ratepayers (homeowners and businesses paying electricity bills) by restricting certain rate increases and enhancing transparency.