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Bill > A5383
NJ A5383
NJ A5383Requires 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
02/23/2021
02/23/2021
In Committee
02/23/2021
02/23/2021
Crossed Over
Passed
Dead
01/11/2022
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) for a rate increase to provide a report analyzing their capital investments. The BPU must then examine the report and post it on their website within 30 days, redacting any confidential information. The purpose is to determine the appropriate level of revenue necessary to allow the utility a fair and reasonable rate of return on its prudent capital investments.
Committee Categories
Transportation and Infrastructure
Sponsors (1)
Last Action
Introduced, Referred to Assembly Telecommunications and Utilities Committee (on 02/23/2021)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| BillText | https://www.njleg.state.nj.us/2020/Bills/A9999/5383_I1.HTM |
| Bill | https://www.njleg.state.nj.us/2020/Bills/A9999/5383_I1.PDF |
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