Prohibits public utility from filing rate increase petition under certain circumstances.

S 2722 prohibits New Jersey public utilities from filing requests for rate increases when the Board of Public Utilities (BPU) is either investigating whether the utility exceeded its authorized rate of return or has required the utility to file a base rate case to review that rate. This means utilities cannot seek new rates during active BPU reviews of their financial performance. The ban remains in effect until the BPU concludes the investigation or base rate case. The bill amends existing law to clarify this restriction, ensuring rate increase filings are paused during these specific regulatory proceedings.