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NJ S4372
Bill
Status
Introduced
5/12/2025
Primary Sponsor
Britnee Timberlake
Click for details
AI Summary
- Prohibits the Board of Public Utilities from approving electric or gas utility rate increases that would raise average residential customer bills by more than 2% total during any five-year period
- Applies to both electric and gas public utilities in New Jersey
- Takes effect immediately upon enactment
- Sponsored by Senator Britnee N. Timberlake (District 34, Essex County)
Legislative Description
Prohibits BPU approval of electric or gas public utility rate increase resulting in total increase to average residential customer bill in excess of two percent within five-year period.
Economic Growth
Last Action
Introduced in the Senate, Referred to Senate Economic Growth Committee
5/12/2025
Committee Referrals
Economic Growth5/12/2025
Full Bill Text
No bill text available