Bill

Bill > A5299


NJ A5299

NJ A5299
Prohibits certain electric public utility rate increases and requires certain protections for ratepayers.


summary

Introduced
02/10/2025
In Committee
02/10/2025
Crossed Over
Passed
Dead
01/12/2026

Introduced Session

2024-2025 Regular Session

Bill Summary

This bill prohibits any electric public utility from increasing the rate charged to ratepayers after the bill's enactment for the purpose of recovering the cost of installing smart meters. Beginning on the date 30 days prior to, and until 30 days after, the effective date of any electric public utility rate increase, the bill requires an electric public utility to publish the following information on its Internet website and in any customer communication, including, but not limited to, a paper or electronic bill: (1) the amount and effective date of the rate increase; (2) the reasons for the rate increase; (3) an explanation of any anticipated impact on ratepayer bills, including, but not limited to, a clear statement of the percentage by which ratepayer bills are expected to increase; and (4) information on how ratepayers can provide feedback on the impact of or file a complaint concerning the rate increase. The Board of Public Utilities (board) is authorized to impose a fine of up to $10,000 if the board finds that an electric public utility violated this requirement. An electric public utility is required to report to the federal Department of Energy any rate increase expected to result in an average increase of five percent or greater of ratepayer bills, no less than 60 days prior to the effective date of the rate increase. Within its report to the Department of Energy, an electric public utility is required to include the following information: (1) the amount and effective date of the rate increase; (2) the reasons for the rate increase; (3) an explanation of any anticipated impact on ratepayer bills, including, but not limited to, a clear statement of the percentage by which ratepayer bills are expected to increase; and (4) any measures the electric public utility may take to mitigate the rate increase's impact on ratepayer bills. An electric public utility is also required to provide to the federal Department of Energy an annual report on: (1) any trends in the duration, location, and cause of an electric public utility's electric service interruptions, including, but not limited to, a summary of electric service interruptions during the preceding calendar year; and (2) any trends in overdue bills from an electric public utility's ratepayers during the preceding calendar year. The bill prohibits an electric public utility from disconnecting electric service to or assessing a late fee for bill nonpayment to any ratepayer affected by a rate increase resulting in an average increase of five percent or greater of ratepayer bills within six months following that rate increase.

AI Summary

This bill addresses regulations for electric public utilities in New Jersey, focusing on rate increases and consumer protections. The bill defines key terms such as "smart meter" (an advanced electric metering device that can record and transmit electricity usage data) and establishes several important provisions. Electric public utilities are prohibited from increasing rates to recover smart meter installation costs, and they must provide detailed transparency about any rate increases by publishing information on their websites and customer communications, including the amount, effective date, reasons, and expected bill impact. If a rate increase is expected to be 5% or higher, utilities must report to the federal Department of Energy at least 60 days in advance, detailing the increase and potential mitigation measures. The bill also requires utilities to submit an annual report to the Department of Energy about service interruption trends and overdue bill patterns. Additionally, for rate increases of 5% or more, utilities are forbidden from disconnecting service or charging late fees to affected ratepayers for six months following the increase. The Board of Public Utilities can impose fines up to $10,000 for non-compliance with these requirements, and the act takes effect immediately upon passage.

Committee Categories

Transportation and Infrastructure

Sponsors (16)

Last Action

Introduced, Referred to Assembly Telecommunications and Utilities Committee (on 02/10/2025)

bill text


bill summary

Loading...

bill summary

Loading...

bill summary

Loading...