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Bill > A2412
NJ A2412
NJ A2412Requires public utilities to mail customers detailed explanation of rate settlement agreements prior to final BPU vote.
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 requires a public utility to, upon arriving at a rate settlement agreement, the approval of which would increase individual rates, tolls, charges, or schedules of a public utility, notify customers in the service area affected by the settlement by direct mail prior to the final settlement decision before the Board of Public Utilities. The notification shall provide an explanation of the proposed settlement, including a detailed justification of the basis for the proposed settlement.
AI Summary
This bill requires that if a public utility, which provides gas, electric, water, or sewer service, reaches an agreement to settle a rate case that would result in higher prices for its customers, the utility must inform those affected customers through direct mail before the Board of Public Utilities (BPU), the state agency that oversees utilities, makes its final decision. This notification must include a clear explanation of the proposed settlement and a detailed justification for why the settlement is being proposed, providing customers with important information about potential changes to their utility bills.
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/A2412 |
| BillText | https://pub.njleg.gov/Bills/2026/A2500/2412_I1.HTM |
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