ASSEMBLY, No. 5464 STATE OF NEW JERSEY 221st LEGISLATURE INTRODUCED MARCH 17, 2025
ASSEMBLY, No. 5464
STATE OF NEW JERSEY
221st LEGISLATURE
INTRODUCED MARCH 17, 2025
Sponsored by: Assemblyman CODY D. MILLER District 4 (Atlantic, Camden and Gloucester) Assemblyman STERLEY S. STANLEY District 18 (Middlesex) Assemblyman GABRIEL RODRIGUEZ District 33 (Hudson) SYNOPSIS Prohibits BPU from approving electric public utility rate increase without full rate review. CURRENT VERSION OF TEXT As introduced.
Sponsored by:
Assemblyman CODY D. MILLER
District 4 (Atlantic, Camden and Gloucester)
Assemblyman STERLEY S. STANLEY
District 18 (Middlesex)
Assemblyman GABRIEL RODRIGUEZ
District 33 (Hudson)
SYNOPSIS
Prohibits BPU from approving electric public utility rate increase without full rate review.
CURRENT VERSION OF TEXT
As introduced.
An Act concerning electric public utility rate increases and supplementing Title 48 of the Revised Statutes. Be It Enacted by the Senate and General Assembly of the State of New Jersey: 1. Notwithstanding any law, rule, or regulation to the contrary, after the effective date of P.L. , c. (C. ) (pending before the Legislature as this bill), the Board of Public Utilities shall not approve the request of any electric public utility to increase any component of an electric rate charged to ratepayers without conducting a full rate review for the electric public utility. For the purposes of this section, "electric public utility" means a public utility, as that term is defined in R.S.48:2-13, that transmits and distributes electricity to end users within the State. 2. This act shall take effect immediately. STATEMENT This bill prohibits the Board of Public Utilities from approving the request of any electric public utility to increase any component of an electric rate charged to ratepayers without conducting a full rate review for the electric public utility.
An Act concerning electric public utility rate increases and supplementing Title 48 of the Revised Statutes.
Be It Enacted by the Senate and General Assembly of the State of New Jersey:
1. Notwithstanding any law, rule, or regulation to the contrary, after the effective date of P.L. , c. (C. ) (pending before the Legislature as this bill), the Board of Public Utilities shall not approve the request of any electric public utility to increase any component of an electric rate charged to ratepayers without conducting a full rate review for the electric public utility.
For the purposes of this section, "electric public utility" means a public utility, as that term is defined in R.S.48:2-13, that transmits and distributes electricity to end users within the State.
2. This act shall take effect immediately.
STATEMENT
This bill prohibits the Board of Public Utilities from approving the request of any electric public utility to increase any component of an electric rate charged to ratepayers without conducting a full rate review for the electric public utility.