Bill Text: NJ A2046 | 2018-2019 | 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 (Democrat 2-1)
Status: (Engrossed - Dead) 2018-04-12 - Received in the Senate, Referred to Senate Economic Growth Committee [A2046 Detail]
Download: New_Jersey-2018-A2046-Introduced.html
STATE OF NEW JERSEY
218th LEGISLATURE
PRE-FILED FOR INTRODUCTION IN THE 2018 SESSION
Sponsored by:
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 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 board's website.
