Requires BPU to consider affordability to ratepayers before approving base rate cases for electric public utilities.

S 454 requires New Jersey's Board of Public Utilities (BPU) to consider whether proposed electricity rate increases are affordable for customers before approving them. This directly affects electric utilities seeking rate hikes and the households and businesses that pay their bills. The bill adds "affordability to ratepayers" as a mandatory factor the BPU must evaluate, alongside existing considerations like utility costs and return on investment. It applies to all future rate cases submitted after the bill takes effect.