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NJ S1802

Bill

Official Source

Status

Introduced

1/9/2024

Primary Sponsor

Angela Mcknight

Click for details

Origin

Senate

2024-2025 Regular Session

AI Summary

  • Public utilities (electric, gas, sewer, or water) must submit a capital investment analysis report to the Board of Public Utilities when filing a petition for base rate increases
  • The report must detail capital investments for determining revenue levels needed to provide the utility a fair rate of return on prudent investments
  • BPU must examine the report and post it on its website within 30 days of receipt
  • Confidential information, including proprietary commercial/financial data and trade secrets, must be removed or redacted before public posting

Legislative Description

Requires BPU to post on its website report from public utility on public utility's capital investments in response to petition from public utility to increase rates.

Economic Growth

Last Action

Introduced in the Senate, Referred to Senate Economic Growth Committee

1/9/2024

Committee Referrals

Economic Growth1/9/2024

Full Bill Text

No bill text available