New Jersey Senate Bill S597

New Jersey 2024-2025 Regular Session

• Introduced: 1/9/24
• Refer: 1/9/24

Caption

Requires public utilities to provide customers notice of request for increase in rates; revises requirements related to hearings on proposed rate increases.

Impact

The bill significantly revises existing laws governing how public utilities notify customers about rate increases, amending prior legislation (P.L.1980, c.179). By ensuring that public hearings are held in municipalities with the largest populations affected by the proposed increases, S597 aims to promote greater civic involvement and awareness. This is seen as a critical step towards advocating for consumer rights, enabling individuals to have their voices heard regarding financial decisions that could impact their monthly expenses.

Summary

S597, introduced in the New Jersey Senate, aims to enhance transparency and communication from public utilities regarding proposed rate increases. The bill mandates that public utilities provide individual customers with notice regarding any hearings or proceedings related to their requests for rate adjustments. This notice must be included in service bills or sent as a separate written communication to customers. Additionally, public utilities are required to publicize the notice in local newspapers of substantial readership within the counties they serve. Such measures intend to ensure that customers are adequately informed and can participate in discussions surrounding rate changes.

Contention

While supporters of S597 argue that the bill provides necessary safeguards to protect consumers from unexpected financial burdens due to rate hikes, critics may express concerns about the practical implications of compliance for utilities. Opponents might worry that the requirements regarding notifications and public hearings could impose additional regulatory burdens on public utilities, potentially leading to increased operational costs that could be passed on to consumers. Nonetheless, the bill fosters a framework of accountability and consumer engagement in the utility rate-setting process.