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Bill > S2803
NJ S2803
NJ S2803Requires 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
01/13/2026
01/13/2026
In Committee
01/13/2026
01/13/2026
Crossed Over
Passed
Dead
Introduced Session
2026-2027 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 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 that when a public utility, which provides essential services like electricity, gas, sewer, or water, asks the Board of Public Utilities (BPU) for permission to raise its rates, it must submit a report detailing its capital investments. This report, which will be in a format decided by the BPU, is intended to help the BPU determine how much revenue the utility needs to earn a fair profit on its investments. The BPU then has 30 days to review this report and post it on its website, but it must first remove or black out any information it deems confidential, meaning private business or financial details or trade secrets.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Introduced in the Senate, Referred to Senate Economic Growth Committee (on 01/13/2026)
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/2026/S2803 |
| BillText | https://pub.njleg.gov/Bills/2026/S3000/2803_I1.HTM |
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