Bill Text: NJ A2104 | 2014-2015 | Regular Session | Introduced
Bill Title: Requires BPU to issue written decision concerning utility rate increase approvals to public via its website.
Spectrum: Partisan Bill (Republican 2-0)
Status: (Introduced - Dead) 2014-01-16 - Introduced, Referred to Assembly Telecommunications and Utilities Committee [A2104 Detail]
Download: New_Jersey-2014-A2104-Introduced.html
STATE OF NEW JERSEY
216th LEGISLATURE
PRE-FILED FOR INTRODUCTION IN THE 2014 SESSION
Sponsored by:
Assemblywoman MARIA RODRIGUEZ-GREGG
District 8 (Atlantic, Burlington and Camden)
Assemblyman CHRISTOPHER J. BROWN
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.
