Bill
Bill > A3499
NJ A3499
NJ A3499Requires 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
02/05/2024
02/05/2024
In Committee
02/05/2024
02/05/2024
Crossed Over
Passed
Dead
01/12/2026
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 the 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 a public utility filing a petition with the Board of Public Utilities (BPU) for a rate increase to provide a report analyzing the utility's capital investments. Within 30 days, the BPU must review the report and post it on its website, redacting any confidential information. The purpose of the report is to help the BPU determine the appropriate level of revenue necessary to allow the utility to earn a fair and reasonable rate of return on its prudent capital investments.
Committee Categories
Transportation and Infrastructure
Sponsors (1)
Last Action
Introduced, Referred to Assembly Telecommunications and Utilities Committee (on 02/05/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2024/A3499 | 02/01/2024 |
| BillText | https://pub.njleg.gov/Bills/2024/A3500/3499_I1.HTM | 02/06/2024 |
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