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Bill > A706
NJ A706
NJ A706Prohibits 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 shall continue until such time as the board shall determine 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 public utilities from filing, any requests for rate increases during specific periods. These periods include when the board has ordered a public utility to undergo a "base rate case" – a formal process to determine if the utility has earned more profit than allowed by its authorized rate of return – or when the board is actively investigating whether a utility has exceeded its authorized rate of return. This restriction will remain in effect until the board concludes either the base rate case or the investigation. The bill also makes minor amendments to existing law regarding the timelines for rate increase hearings and specifies that the prohibition on rate increase filings will apply except as otherwise provided in this new legislation.
Committee Categories
Transportation and Infrastructure
Sponsors (2)
Last Action
Introduced, Referred to Assembly Telecommunications and Utilities 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/A706 |
| BillText | https://pub.njleg.gov/Bills/2026/A1000/706_I1.HTM |
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