BillTrack50 logo
Free Signup Login
Bill

Bill > S3396

NJ S3396

NJ S3396
Requires BPU to post on its website report from public utility on public utility's capital investments in response to petition from public utility to increase rates.

summary

Introduced
02/04/2021
In Committee
03/11/2021
Crossed Over
Passed
Dead
01/11/2022

Introduced Session

2020-2021 Regular Session

Bill Summary

The is bill provides that when filing a petition with the Board of Public Utilities (BPU) for an increase in a public utility's base rates, the public utility is to provide to the BPU a report that includes an analysis of the public utility's capital investments, in a form and manner determined by the BPU, for the purpose of determining the level of revenues necessary to afford the public utility an opportunity to earn a fair and reasonable rate of return on prudently incurred capital investments in the public utility's rate base. Within 30 days of receiving the report, the BPU is to examine its contents and post the report on the BPU's Internet website. Prior to posting the report on its Internet website, the BPU is to remove or redact from the report any contents that the BPU determines to be confidential information.

AI Summary

This bill requires public utilities in New Jersey that file a petition with the Board of Public Utilities (BPU) to increase their base rates to provide a report analyzing their capital investments. The BPU must examine the report and post it on its website within 30 days, except that the BPU will remove or redact any confidential commercial or financial information from the report before posting it.

Committee Categories

Business and Industry

Sponsors (3)

Last Action

Reported from Senate Committee with Amendments, 2nd Reading (on 03/11/2021)
(1 Companion Bills)

bill text

bill summary

Loading...

bill summary

Loading...
Loading...