Resets electric and gas public utility rates to 2020 levels for five-year period.
Requires BPU to determine and consider lowest reasonable return on equity before approving electric, gas, and water public utility base rate cases.
Restructures electric and gas public utility industries.
Restructures electric and gas public utility industries.
"Electric Public Utility Fair Profit Act"; requires electric public utilities to take certain actions regarding excess profits and directs fines for violations to fund utility assistance programs.
Requires BPU to determine and consider lowest reasonable return on equity before approving electric, gas, and water public utility base rate cases.
Requires electric public utilities and gas public utilities to implement or maintain public utility warranty programs that cover full cost to repair or replace covered appliances.
Prohibits electric and gas public utility rate increases except in extraordinary circumstances.
Requires BPU to prohibit electric and gas public utilities from charging residential customers certain types of payments based on certain billing practices.
Prohibits certain electric public utility rate increases and requires certain protections for ratepayers.