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Bill > S2707
NJ S2707
NJ S2707Prohibits BPU approval of electric or gas public utility rate increases resulting in total increase to average residential customer bill in excess of two percent within five-year period.
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 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 during any five-year period.
AI Summary
This bill prohibits the Board of Public Utilities (BPU), the state agency responsible for regulating utility services, from approving any increases in rates for electricity or natural gas that would cause the total cost for an average household customer to rise by more than two percent over a five-year span.
Committee Categories
Business and Industry
Sponsors (3)
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/S2707 |
| BillText | https://pub.njleg.gov/Bills/2026/S3000/2707_I1.HTM |
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