Bill

Bill > S1612


NJ S1612

NJ S1612
Requires public utility to reimburse business customer during period when business ceases operations due to utility repairing or replacing its equipment on business customer's property.


summary

Introduced
02/13/2020
In Committee
02/13/2020
Crossed Over
Passed
Dead
01/11/2022

Introduced Session

2020-2021 Regular Session

Bill Summary

This bill requires a public utility (utility) to reimburse a business customer for financial losses incurred by the business customer during the period when the business customer ceases operations due to a service interruption to the business customer requiring the utility to repair or replace its equipment on the business customer's property. The Board of Public Utilities (BPU) is to determine the amount of any reimbursement cost the utility is to pay its business customer for that loss upon examining appropriate documentation provided to the BPU by the business customer, as determined by the BPU. A utility is not to include in its rate base or otherwise recover from ratepayers the amount of the reimbursement cost that the BPU determines is due to the business customer. The bill is not to apply to a business customer incurring losses due to a utility service interruption occurring during an emergency event. "Emergency event" is defined as a natural or humanly caused occurrence arising from conditions beyond the control of the utility, including but not limited to, a thunderstorm, earthquake, tornado, hurricane, flood, heat wave, snowstorm, or ice storm, which results in: (1) a sustained service interruption to at least five percent of the customers within an operating area or at least five percent of the utility's customers within a municipality or county located in an operating area; or (2) the declaration of a state of emergency or disaster by the State or by the federal government.

AI Summary

This bill requires a public utility to reimburse a business customer for financial losses incurred when the business customer's operations are disrupted due to the utility repairing or replacing its equipment on the business customer's property. The Board of Public Utilities (BPU) will determine the reimbursement amount based on documentation provided by the business customer. The utility cannot include the reimbursement cost in its rate base or recover it from ratepayers. The bill does not apply to losses incurred during an emergency event, which is defined as a natural or human-caused occurrence that results in a sustained service interruption to at least 5% of the utility's customers or a declared state of emergency.

Committee Categories

Business and Industry

Sponsors (1)

Last Action

Introduced in the Senate, Referred to Senate Economic Growth Committee (on 02/13/2020)

bill text


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