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

This bill (A 2412) requires New Jersey public utilities providing gas, electric, water, or sewer service to mail affected customers a detailed explanation of any proposed rate increase before the Board of Public Utilities (BPU) makes a final decision. The notification must include a clear justification for the settlement agreement that would raise individual rates, tolls, charges, or schedules. It applies directly to utility companies and their customers in the service area impacted by the rate change. The bill aims to provide transparency by giving customers advance notice and detailed reasoning before rate hikes are finalized.