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Bill > S1222
NJ S1222
NJ S1222Prohibits public utility from increasing rates until conclusion of hearing and BPU determination that rate increase is just and reasonable.
summary
Introduced
02/03/2020
02/03/2020
In Committee
02/03/2020
02/03/2020
Crossed Over
Passed
Dead
01/11/2022
01/11/2022
Introduced Session
2020-2021 Regular Session
Bill Summary
This bill prohibits a public utility from increasing any rate for a product supplied or service rendered until the Board of Public Utilities (BPU) has determined, at the conclusion of the hearing on the rate increase petition, that the rate increase is just and reasonable. Current law allows a public utility to increase its rates for a product supplied or service rendered, upon receiving BPU approval, prior to the conclusion of a rate increase hearing and the BPU making a determination that the rate increase is just and reasonable.
AI Summary
This bill prohibits a public utility from increasing any rate for a product supplied or service rendered until the Board of Public Utilities (BPU) has determined, at the conclusion of the hearing on the rate increase petition, that the rate increase is just and reasonable. The current law allows a public utility to increase its rates upon receiving BPU approval, prior to the conclusion of a rate increase hearing and the BPU making a determination that the rate increase is just and reasonable.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Introduced in the Senate, Referred to Senate Economic Growth Committee (on 02/03/2020)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2020/S1222 |
| BillText | https://www.njleg.state.nj.us/Bills/2020/S1500/1222_I1.HTM |
| Bill | https://www.njleg.state.nj.us/Bills/2020/S1500/1222_I1.PDF |
| BillText | https://www.njleg.state.nj.us/2020/Bills/S1500/1222_I1.HTM |
| Bill | https://www.njleg.state.nj.us/2020/Bills/S1500/1222_I1.PDF |
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