Requires public utilities to mail customers detailed explanation of rate settlement agreements prior to final BPU vote.

This bill requires New Jersey public utilities (like gas, electric, water, and sewer companies) to mail customers a detailed explanation of any proposed rate increase before the final vote by the Board of Public Utilities (BPU). The notification must include a clear justification for the settlement agreement that would raise customer rates. It applies specifically to customers in service areas affected by the rate change. The law takes effect immediately upon passage.