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NJ S596
NJ S596Requires public utilities to mail customers detailed explanation of rate settlement agreements prior to final BPU vote.
summary
Introduced
01/09/2024
01/09/2024
In Committee
01/09/2024
01/09/2024
Crossed Over
Passed
Dead
01/12/2026
01/12/2026
Introduced Session
2024-2025 Regular Session
Bill Summary
This bill requires a public utility to, upon arriving at a rate settlement agreement, the approval of which would increase individual rates, tolls, charges, or schedules of a public utility, notify customers in the service area affected by the settlement by direct mail prior to the final settlement decision before the Board of Public Utilities. The notification shall provide an explanation of the proposed settlement, including a detailed justification of the basis for the proposed settlement.
AI Summary
This bill requires public utilities to mail customers a detailed explanation of any rate settlement agreements that would increase individual rates, tolls, charges, or schedules prior to the final decision by the Board of Public Utilities (BPU). The notification must provide a justification for the proposed settlement. The term "public utility" refers to providers of gas, electric, water, or sewer service as defined in the state statute.
Committee Categories
Business and Industry
Sponsors (2)
Last Action
Introduced in the Senate, Referred to Senate Economic Growth Committee (on 01/09/2024)
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/2024/S596 |
| BillText | https://pub.njleg.gov/Bills/2024/S1000/596_I1.HTM |
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