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Bill > S1802

NJ S1802

NJ S1802
Requires 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
01/09/2024
In Committee
01/09/2024
Crossed Over
Passed
Dead
01/12/2026

Introduced Session

2024-2025 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 a rate increase to provide a report analyzing their capital investments. The BPU must examine the report within 30 days and post it on their website, redacting any information deemed confidential. The purpose is to help determine the appropriate level of revenue necessary to provide the utility a fair and reasonable return on its prudent capital investments.

Committee Categories

Business and Industry

Sponsors (1)

Last Action

Introduced in the Senate, Referred to Senate Economic Growth Committee (on 01/09/2024)
(2 Companion Bills)

bill text

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bill summary

Document Type Source Location
State Bill Page https://www.njleg.state.nj.us/bill-search/2024/S1802
BillText https://pub.njleg.gov/Bills/2024/S2000/1802_I1.HTM
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