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Bill > A3307
NJ A3307
NJ A3307Requires 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
03/07/2022
03/07/2022
In Committee
03/07/2022
03/07/2022
Crossed Over
Passed
Dead
01/08/2024
01/08/2024
Introduced Session
2022-2023 Regular Session
Bill Summary
This 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 BPU with 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 filing a petition with the Board of Public Utilities (BPU) for an increase in their base rates to provide a report analyzing their capital investments. The BPU must examine the report's contents and post it on its website within 30 days, redacting any information deemed confidential. The purpose is to determine the level of revenue necessary to provide the utility a fair and reasonable rate of return on its prudently incurred capital investments.
Committee Categories
Transportation and Infrastructure
Sponsors (1)
Last Action
Introduced, Referred to Assembly Telecommunications and Utilities Committee (on 03/07/2022)
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/A3307 |
| BillText | https://www.njleg.state.nj.us/Bills/2022/A3500/3307_I1.HTM |
| Bill | https://www.njleg.state.nj.us/Bills/2022/A3500/3307_I1.PDF |
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