NJ A3359

Bill

Prohibits public utility from increasing rates until conclusion of hearing and BPU determination that rate increase is just and reasonable.

Introduced
03/07/2022

In Committee
03/07/2022

Crossed Over

Passed

Dead
01/08/2024

Introduced Session

2022-2023 Regular Session

Bill Summary

This bill prohibits a public utility from increasing any rate for a product supplied or service rendered until the Board of Public Utilities (BPU) has determined, at the conclusion of the hearing on the rate increase petition, that the rate increase is just and reasonable. Current law allows a public utility to increase its rates for a product supplied or service rendered, upon receiving BPU approval, prior to the conclusion of a rate increase hearing and the BPU making a determination that the rate increase is just and reasonable.

AI Summary

This bill prohibits a public utility from increasing any rate for a product or service until the Board of Public Utilities (BPU) has concluded a hearing on the rate increase petition and determined that the increase is just and reasonable. Current law allows a public utility to increase rates after receiving BPU approval, even before the conclusion of the rate increase hearing and the BPU's final determination. The bill also allows the BPU to negotiate and agree with a public utility on rate adjustments during the pendency of a rate hearing, but prohibits the public utility from implementing the increase until the hearing has concluded and the BPU has approved the increase as just and reasonable.

Committee Categories

Transportation and Infrastructure

Sponsors (1)

Chris DePhillips (R)*,

Last Action

Introduced, Referred to Assembly Telecommunications and Utilities Committee (on 03/07/2022)

Official Document

https://www.njleg.state.nj.us/bill-search/2022/A3359

(3 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://www.njleg.state.nj.us/bill-search/2022/A3359
BillText	https://www.njleg.state.nj.us/Bills/2022/A3500/3359_I1.HTM
Bill	https://www.njleg.state.nj.us/Bills/2022/A3500/3359_I1.PDF

Bill	Bill Name	Last Action	Type
A1946	Prohibits public utility from increasing rates until conclusion of hearing and BPU determination that rate increase is just and reasonable.	Introduced, Referred to Assembly Telecommunications and Utilities Committee	Carry Over
S1222	Prohibits public utility from increasing rates until conclusion of hearing and BPU determination that rate increase is just and reasonable.	Introduced in the Senate, Referred to Senate Economic Growth Committee	Carry Over
S1383	Prohibits public utility from increasing rates until conclusion of hearing and BPU determination that rate increase is just and reasonable.	Introduced in the Senate, Referred to Senate Economic Growth Committee	Same As

Bill > A3359

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (1)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary