NJ S414

Municipal electric utilities serving customers outside their borders would only be subject to Board of Public Utilities (BPU) rate jurisdiction if they serve more than 10,000 billed customers outside the municipality

Municipal electric utilities that charge the same rates to customers inside and outside the municipality would be exempt from BPU rate regulation entirely

Rate increases for exempt municipal utilities would require authorization by municipal ordinance, with customers outside the municipality given an opportunity to be heard at public hearings

Municipal utilities remain subject to BPU jurisdiction for service and reliability standards regardless of rate regulation exemptions

Municipal utilities must continue paying assessments to the BPU regardless of their exemption status from rate regulation