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NJ S4572
Bill
Status
6/5/2025
Primary Sponsor
Carmen Amato
Click for details
AI Summary
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Requires the Board of Public Utilities (BPU) to include a plain language summary in all final decisions approving public utility rate increases
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Summaries must explain the utility's petition, justify the board's decision, and state the impact on affected customers
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Must list current rates, new rates, the total amount of increase, and when the new rates take effect
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Requires disclosure of the utility's rate of return and, for infrastructure-related increases, the expected timeline for cost recovery
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Takes effect immediately upon enactment
Legislative Description
Requires BPU to publish plain language summary of its final decision on rate increase filings.
Economic Growth
Last Action
Introduced in the Senate, Referred to Senate Economic Growth Committee
6/5/2025