summary
Introduced
03/03/2022
03/03/2022
In Committee
03/03/2022
03/03/2022
Crossed Over
Passed
Dead
01/08/2024
01/08/2024
Introduced Session
2022-2023 Regular Session
Bill Summary
This bill would modify the circumstances under which municipal electric utilities' rates are subject to the jurisdiction of the Board of Public Utilities (BPU). Under current law, the rates of a municipal electric utility that supplies power to customers beyond its corporate limits are subject to the jurisdiction of the BPU. The bill would modify this by limiting BPU rate-jurisdiction to municipal electric utilities that service more than 10,000 billed customers outside of the supplying municipality. Further, municipal electric utilities would not be subject to BPU rate regulation if the utility charges customers the same rates, regardless of whether the customer is located inside or outside of the supplying municipality.
AI Summary
This bill would modify the circumstances under which municipal electric utilities' rates are subject to the jurisdiction of the Board of Public Utilities (BPU). The bill would limit BPU rate-jurisdiction to municipal electric utilities that service more than 10,000 billed customers outside of the supplying municipality. Additionally, municipal electric utilities would not be subject to BPU rate regulation if the utility charges customers the same rates, regardless of whether the customer is located inside or outside of the supplying municipality. The bill also allows municipalities to transfer up to 5% of the annual costs of operation of the utility from the accounts of the municipal utility and include it in the local budget.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Introduced in the Senate, Referred to Senate Economic Growth Committee (on 03/03/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2022/S1898 |
| BillText | https://pub.njleg.gov/Bills/2024/S2000/1898_I1.HTM |
| BillText | https://www.njleg.state.nj.us/Bills/2022/S2000/1898_I1.HTM |
| Bill | https://www.njleg.state.nj.us/Bills/2022/S2000/1898_I1.PDF |
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