Bill
Bill > A2763
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 authorizes the Division of the Rate Counsel to deny a public utility's petition to increase its rates if the all-items index was greater than two percent in any of the four quarters preceding the date on which the public utility filed the petition. Under the bill, "all-items index" means the rate of inflation for all items, as determined by the United States Bureau of Labor Statistics in its Consumer Price Index reports.
AI Summary
This bill grants the Division of the Rate Counsel, an office responsible for representing the public interest in utility matters, the authority to reject a public utility's request to raise its rates if the rate of inflation for all items, as measured by the U.S. Bureau of Labor Statistics' Consumer Price Index (CPI), exceeded two percent in any of the four quarters immediately before the utility filed its request. This provision aims to provide a mechanism to potentially curb rate increases during periods of significant inflation, offering a new tool for the Rate Counsel to protect consumers from escalating utility costs.
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/A2763 |
| BillText | https://pub.njleg.gov/Bills/2026/A3000/2763_I1.HTM |
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