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Bill > A332


NJ A332

NJ A332
Prohibits electric public utilities from charging certain customers peak rates under certain circumstances.


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 prohibits an electric public utility (utility) from charging a non-essential business customer a peak rate for electric power or electric-related service during a major public health emergency. The utility is to provide a credit representing the reduction in the rate or charge to a non-essential business customer due to the removal of a peak rate during a major public health emergency. The credit is to represent a period of time beginning upon the declaration and throughout a major public health emergency and is to be included in a periodic bill sent to a non-essential business customer after the effective date of this bill. The bill prohibits the Board of Public Utilities from allowing a utility to include as an operating expense or otherwise recover from its ratepayers the cost of any reduced revenues incurred by the utility under the bill. The bill defines "non-essential business customer," "peak rate," and "major public health emergency."

AI Summary

This bill prohibits electric public utilities from charging non-essential business customers peak rates during a major public health emergency declared by the Governor. The utilities must provide a credit to these customers representing the reduction in their rates due to the removal of the peak rates, and the utilities are not allowed to recover the cost of the reduced revenues from their other ratepayers. The bill defines key terms such as "non-essential business customer," "peak rate," and "major public health emergency," and it takes effect immediately and applies retroactively to March 9, 2020.

Committee Categories

Transportation and Infrastructure

Sponsors (1)

Last Action

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

bill text


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