Bill
Bill > A2673
NJ A2673
NJ A2673Prohibits public utility from increasing rates until conclusion of hearing and BPU determination that rate increase is just and reasonable.
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 a public utility from increasing any rate for a product supplied or service rendered until the Board of Public Utilities (BPU) has determined, at the conclusion of the hearing on the rate increase petition, that the rate increase is just and reasonable. Current law allows a public utility to increase its rates for a product supplied or service rendered, upon receiving BPU approval, prior to the conclusion of a rate increase hearing and the BPU making a determination that the rate increase is just and reasonable.
AI Summary
This bill prohibits a public utility, which is a company that provides essential services like electricity or water, from increasing its rates for products or services until the Board of Public Utilities (BPU), a state agency that regulates utilities, has completed a hearing and determined that the proposed rate increase is fair and reasonable. Currently, utilities can sometimes increase rates after receiving initial BPU approval, even before a full hearing concludes and a final decision is made. This bill aims to ensure that customers are protected from rate hikes until the BPU has thoroughly reviewed and approved them as just and reasonable.
Committee Categories
Transportation and Infrastructure
Sponsors (1)
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/A2673 |
| BillText | https://pub.njleg.gov/Bills/2026/A3000/2673_I1.HTM |
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