New Jersey 2024-2025 Regular Session

New Jersey Assembly Bill A5464 Compare Versions

Only one version of the bill is available at this time.

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1	1	ASSEMBLY, No. 5464 STATE OF NEW JERSEY 221st LEGISLATURE INTRODUCED MARCH 17, 2025
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3	3	ASSEMBLY, No. 5464
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5	5	STATE OF NEW JERSEY
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7	7	221st LEGISLATURE
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11	11	INTRODUCED MARCH 17, 2025
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15	15	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.
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19	19	Sponsored by:
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21	21	Assemblyman CODY D. MILLER
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23	23	District 4 (Atlantic, Camden and Gloucester)
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25	25	Assemblyman STERLEY S. STANLEY
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27	27	District 18 (Middlesex)
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29	29	Assemblyman GABRIEL RODRIGUEZ
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31	31	District 33 (Hudson)
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41	41	SYNOPSIS
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43	43	Prohibits BPU from approving electric public utility rate increase without full rate review.
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47	47	CURRENT VERSION OF TEXT
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49	49	As introduced.
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53	53	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.
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55	55	An Act concerning electric public utility rate increases and supplementing Title 48 of the Revised Statutes.
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59	59	Be It Enacted by the Senate and General Assembly of the State of New Jersey:
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63	63	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.
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65	65	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.
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69	69	2. This act shall take effect immediately.
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75	75	STATEMENT
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79	79	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.