New Jersey Assembly Bill A3308

New Jersey 2024-2025 Regular Session

• Introduced: 1/9/24
• Refer: 1/9/24

Caption

Requires public utilities to maintain customer billing records for duration of account and to refund full amount of any overpayment by customers.

Impact

If enacted, A3308 would amend the existing regulations surrounding public utilities under Title 48 of the Revised Statutes. The requirement for utilities to keep detailed billing records would potentially streamline the resolution process for customer inquiries and complaints regarding billing discrepancies. It also asserts customers' rights to a complete refund, including interest, for any overpayments, reinforcing consumer protections related to financial transactions with public utilities.

Summary

Assembly Bill A3308 aims to enhance consumer protection for customers of public utilities by mandating that these utilities maintain comprehensive billing records for each customer for the entire duration of their accounts. This change is intended to facilitate accurate billing history computations in the event of disputes. Proponents of the bill argue that maintaining such records is crucial for resolving billing issues and ensuring transparency in consumer transactions with utility companies.

Contention

While the bill seems to have an overall positive reception focusing on consumer protections, it may face scrutiny or opposition from utility companies concerned about the administrative burden of maintaining such extensive records. Opponents might argue that this requirement could lead to increased operational costs and complicate billing processes, thereby impacting both the utilities' bottom line and potentially the rates charged to consumers.