Bill
Bill > S217
NJ S217
NJ S217Prohibits public utility from filing rate increase petition under certain circumstances.
summary
Introduced
01/12/2016
01/12/2016
In Committee
01/12/2016
01/12/2016
Crossed Over
Passed
Dead
01/08/2018
01/08/2018
Introduced Session
2016-2017 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 (BPU) from considering, reviewing, or approving, and prohibits a public utility from filing, a request for a rate increase during any period when the BPU has directed the public utility to file a base rate case (to determine if the utility exceeded its authorized rate of return) or when the BPU is investigating whether the utility exceeded its authorized rate of return. This prohibition continues until the BPU determines that the base rate case proceeding or the investigation has been concluded.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Introduced in the Senate, Referred to Senate Economic Growth Committee (on 01/12/2016)
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| BillText | https://www.njleg.state.nj.us/2016/Bills/S0500/217_I1.HTM |
| Bill | https://www.njleg.state.nj.us/2016/Bills/S0500/217_I1.PDF |
Loading...