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Bill > A271


NJ A271

NJ A271
Requires public utilities to mail customers detailed explanation of rate settlement agreements prior to final BPU vote.


summary

Introduced
01/11/2022
In Committee
01/11/2022
Crossed Over
Passed
Dead
01/08/2024

Introduced Session

2022-2023 Regular Session

Bill Summary

This bill requires a public utility to, upon arriving at a rate settlement agreement, the approval of which would increase individual rates, tolls, charges, or schedules of a public utility, notify customers in the service area affected by the settlement by direct mail prior to the final settlement decision before the Board of Public Utilities. The notification shall provide an explanation of the proposed settlement, including a detailed justification of the basis for the proposed settlement.

AI Summary

This bill requires public utilities to mail customers a detailed explanation of any proposed rate settlement agreements that would increase rates, tolls, charges, or schedules, prior to the final decision by the Board of Public Utilities (BPU). The notification must include a justification for the proposed settlement. The term "public utility" refers to providers of gas, electric, water, or sewer service, as defined in the state's public utilities law.

Committee Categories

Transportation and Infrastructure

Sponsors (2)

Last Action

Introduced, Referred to Assembly Telecommunications and Utilities Committee (on 01/11/2022)

bill text


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