Bill Text: NJ A1626 | 2016-2017 | Regular Session | Introduced


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

Spectrum: Slight Partisan Bill (Republican 2-1)

Status: (Engrossed) 2017-05-01 - Received in the Senate, Referred to Senate Economic Growth Committee [A1626 Detail]

Download: New_Jersey-2016-A1626-Introduced.html

ASSEMBLY, No. 1626

STATE OF NEW JERSEY

217th LEGISLATURE

 

PRE-FILED FOR INTRODUCTION IN THE 2016 SESSION

 


 

Sponsored by:

Assemblywoman  MARIA RODRIGUEZ-GREGG

District 8 (Atlantic, Burlington and Camden)

Assemblyman  JOE HOWARTH

District 8 (Atlantic, Burlington and Camden)

 

 

 

 

SYNOPSIS

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

 

CURRENT VERSION OF TEXT

     Introduced Pending Technical Review by Legislative Counsel.

  


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.

 

 

STATEMENT

 

     This bill requires the Board of Public Utilities to issue a written decision containing a detailed analysis and accounting of the elements involved in determining 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.  This 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.

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