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 (S 1802) requires public utilities in New Jersey (like electric, gas, water, or sewer companies) to submit detailed reports analyzing their capital investments when filing a petition with the Board of Public Utilities (BPU) for a rate increase. The BPU must then review these reports within 30 days and post them on its website, removing any confidential information (such as trade secrets) before sharing. The bill directly affects utilities seeking rate hikes and aims to increase transparency around how their capital investments impact rate decisions. It is pending in the New Jersey Senate and would take effect immediately if passed.
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
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
1
Key actions
0
Committee
0
Jan 9, 2024
Introduced
Introduced in the Senate, Referred to Senate Economic Growth Committee
upper
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Angela McKnight
DDemocratic
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