Bill Text: NJ S3774 | 2018-2019 | Regular Session | Introduced

---

Bill Title: Requires BPU to issue written decision concerning utility rate increase approvals to public via its website.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2019-05-20 - Introduced in the Senate, Referred to Senate Economic Growth Committee [S3774 Detail]

Download: New_Jersey-2018-S3774-Introduced.html

---

SENATE, No. 3774

STATE OF NEW JERSEY

218th LEGISLATURE

 

INTRODUCED MAY 20, 2019

 

 

Sponsored by:

Senator  BOB ANDRZEJCZAK

District 1 (Atlantic, Cape May and Cumberland)

 

 

 

 

SYNOPSIS

     Requires BPU to issue written decision concerning utility rate increase approvals to public via its website.

 

CURRENT VERSION OF TEXT

     As introduced.

  

An Act concerning reporting of public utility rate increase approvals, and supplementing Title 48 of the Revised Statutes.

 

     Be It Enacted by the Senate and General Assembly of the State of New Jersey:

 

     1.    a.     The Board of Public Utilities shall, upon the approval of any petition from a public utility for an adjustment in existing tariffs that proposes to increase individual rates, joint rates, tolls, or charges, or schedules thereof, issue a written decision, which shall present a detailed analysis and accounting of the elements involved in determining the approval of the public utility rate increase. The decision shall be provided within 60 days following the approval of the rate increase, and shall be conspicuously set forth on the board's website.

     b.    For the purposes of this section, "public utility" means a public utility as defined in R.S.48:2-13, providing gas, electric, water, or sewer service.

 

     2.    This act shall take effect immediately, but shall remain inoperative for 60 days following the date of enactment.

 

 

STATEMENT

 

     This bill requires the Board of Public Utilities (BPU) to issue a written decision containing a detailed analysis and accounting of the elements involved in determining the approval of any petition from an electric, gas, water, or sewer public utility for an adjustment in their existing tariffs that proposes to increase the individual rates, joint rates, tolls, charges, or schedules of the public utilities. The decision is to be provided within 60 days following the approval of the rate increase and is to be conspicuously set forth on the BPU's website.