Bill
Bill > A1351
NJ A1351
NJ A1351Prohibits public utility from increasing rates until conclusion of hearing and BPU determination that rate increase is just and reasonable.
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 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 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. The current law allows a public utility to increase its rates upon receiving BPU approval, prior to the conclusion of the rate increase hearing and the BPU making a determination on the justness and reasonableness of the rate increase.
Committee Categories
Transportation and Infrastructure
Sponsors (1)
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/A1351 |
| BillText | https://pub.njleg.gov/Bills/2024/A1500/1351_I1.HTM |
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