Prohibits public utility from filing rate increase petition under certain circumstances.
This bill (A812) prohibits New Jersey public utilities regulated by the Board of Public Utilities (BPU) from filing requests for rate increases during specific investigations. It blocks such filings when the BPU has ordered a base rate case to review whether a utility exceeded its authorized profit margin, or when the BPU has notified a utility it is investigating such an overage. The prohibition remains in effect until the BPU concludes the related case or investigation. This directly affects utilities subject to BPU oversight, preventing them from seeking new rates while profit-related matters are under review.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2024
Committee Review
Floor Vote
Governor
Introduced Jan 9, 2024
Last action Jan 9, 2024
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1
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Jan 9, 2024
Introduced
Introduced in the Assembly, Referred to Assembly Telecommunications and Utilities Committee
lower
2 primary · 0 co-sponsors
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