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

This bill (A-706) 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 profit margin or has ordered a base rate case to review that. It requires the BPU to block any rate hike request during these active investigations or proceedings, continuing until the case or investigation concludes. This directly affects regulated utilities (like gas, electric, water companies) seeking to raise rates while under scrutiny. The law amends existing utility rate regulations to enforce this temporary freeze on rate increases during regulatory reviews.