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NJ S280
NJ S280Prohibits public utility from filing rate increase petition under certain circumstances.
summary
Introduced
01/09/2018
01/09/2018
In Committee
01/09/2018
01/09/2018
Crossed Over
Passed
Dead
01/08/2020
01/08/2020
Introduced Session
2018-2019 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 (the board) from considering, reviewing, or approving, and prohibits a public utility from filing, a request for a rate increase during any period of time when the board has directed the public utility to file a base rate case (to determine if the utility exceeded its authorized rate of return) or the board is investigating whether the utility exceeded its authorized rate of return. This prohibition continues until the board determines that the base rate case proceeding or investigation has been concluded.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Introduced in the Senate, Referred to Senate Economic Growth Committee (on 01/09/2018)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| BillText | https://www.njleg.state.nj.us/2018/Bills/S0500/280_I1.HTM |
| Bill | https://www.njleg.state.nj.us/2018/Bills/S0500/280_I1.PDF |
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