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Bill > S2871
NJ S2871
NJ S2871Prohibits public utility from increasing rates until conclusion of hearing and BPU determination that rate increase is just and reasonable.
summary
Introduced
08/27/2018
08/27/2018
In Committee
08/27/2018
08/27/2018
Crossed Over
Passed
Dead
01/08/2020
01/08/2020
Introduced Session
2018-2019 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 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. The current law allows a public utility to increase its rates upon receiving BPU approval, prior to the conclusion of the rate increase hearing and the BPU making a determination that the rate increase is just and reasonable.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Introduced in the Senate, Referred to Senate Economic Growth Committee (on 08/27/2018)
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/S3000/2871_I1.HTM |
| Bill | https://www.njleg.state.nj.us/2018/Bills/S3000/2871_I1.PDF |
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