Bill
Bill > A5446
NJ A5446
NJ A5446Prohibits BPU approval of electric and gas public utility rate increases resulting in total increase to average residential customer bill in excess of two percent annually.
summary
Introduced
03/17/2025
03/17/2025
In Committee
03/17/2025
03/17/2025
Crossed Over
Passed
Dead
Introduced Session
2024-2025 Regular Session
Bill Summary
This bill prohibits the Board of Public Utilities from approving electric or gas public utility rate increases that are projected to result in a total increase to an average residential customer bill in excess of two percent annually.
AI Summary
This bill proposes to limit the rate increases that the Board of Public Utilities (BPU), a New Jersey state regulatory agency, can approve for electric and gas utilities. Specifically, the bill prohibits the BPU from approving any rate increases that would result in an average residential customer's total utility bill increasing by more than 2% annually. This means that if a utility company wants to raise rates, they would be restricted from implementing increases that would cause a customer's total bill to go up by more than 2% in a given year. The legislation aims to protect residential utility customers from significant rate hikes and provide some predictability and affordability in utility costs. The bill would take effect immediately upon enactment, applying to all electric and gas utility rate increase proposals reviewed by the BPU after its passage.
Committee Categories
Transportation and Infrastructure
Sponsors (5)
Last Action
Introduced, Referred to Assembly Telecommunications and Utilities Committee (on 03/17/2025)
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/A5446 |
| BillText | https://pub.njleg.gov/Bills/2024/A5500/5446_I1.HTM |
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