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NJ S2707

Bill

Status

Introduced

2/15/2024

Primary Sponsor

Shirley Turner

Click for details

Origin

Senate

2024-2025 Regular Session

AI Summary

  • Prohibits the New Jersey Board of Public Utilities from approving electric or gas utility rate increases that would raise average residential customer bills by more than 2% total over any five-year period
  • Applies to both electric and gas public utilities regulated by the BPU
  • Takes effect immediately upon enactment
  • Sponsored by Senators Britnee N. Timberlake (District 34, Essex) and Brian P. Stack (District 33, Hudson), with co-sponsorship by Senator Burgess
  • Pre-filed for introduction in the 2026 legislative session of the 222nd New Jersey Legislature

Legislative Description

Requires contracts for professional services be awarded by certain bi-state authorities pursuant to competitive contracting process.

Transportation

Last Action

Introduced in the Senate, Referred to Senate Transportation Committee

2/15/2024

Committee Referrals

Transportation2/15/2024

Full Bill Text

No bill text available