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Bill > A812
NJ A812
NJ A812Prohibits public utility from filing rate increase petition under certain circumstances.
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 prohibits the Board of Public Utilities (board) from considering, reviewing, or approving, and prohibits a public utility from being permitted to file, a request for a rate increase during any period of time when: 1) the board has directed the public utility to file a base rate case to determine whether the public utility exceeded its authorized rate of return; or 2) the public utility has been notified by the board that the board is investigating whether the public utility exceeded its authorized rate of return. This prohibition shall continue until such time as the board shall determine that the base rate case proceeding or the investigation has been concluded.
AI Summary
This bill prohibits the Board of Public Utilities (BPU) from considering, reviewing, or approving, and prohibits a public utility from filing, a request for a rate increase during any period when the BPU has directed the public utility to file a base rate case to determine if the utility exceeded its authorized rate of return, or when the BPU is investigating whether the utility exceeded its authorized rate of return. This prohibition continues until the BPU determines that the base rate case proceeding or investigation has concluded. The bill also modifies the existing law governing the BPU's review and approval of public utility rate increases.
Committee Categories
Transportation and Infrastructure
Sponsors (2)
Last Action
Introduced, Referred to Assembly Telecommunications and Utilities 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/A812 |
| BillText | https://pub.njleg.gov/Bills/2024/A1000/812_I1.HTM |
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