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NJ S143
NJ S143Prohibits public utility from filing rate increase petition under certain circumstances.
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 prohibits the Board of Public Utilities (board) from considering, reviewing, or approving, and prohibits a public utility from being permitted to file, a request for a rate increase during any period of time when: 1) the board has directed the public utility to file a base rate case to determine whether the public utility exceeded its authorized rate of return; or 2) the public utility has been notified by the board that the board is investigating whether the public utility exceeded its authorized rate of return. This prohibition is to continue until such time as the board determines that the base rate case proceeding or the investigation has been concluded.
AI Summary
This bill prohibits the Board of Public Utilities (board) from considering, reviewing, or approving, and prevents a public utility from filing, a request for a rate increase if the board has either ordered the utility to undergo a "base rate case" (a formal review to determine if the utility has earned more profit than allowed) or is currently investigating whether the utility has exceeded its authorized rate of return. This restriction will remain in effect until the board concludes the base rate case or its investigation. The bill also makes technical amendments to existing law regarding the board's authority to set utility rates, including clarifying timelines for rate case decisions and specifying that the burden of proof for rate increases rests with the utility.
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/S143 |
| BillText | https://pub.njleg.gov/Bills/2026/S0500/143_I1.HTM |
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