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NJ S2707
Bill
Status
1/13/2026
Primary Sponsor
Britnee Timberlake
Click for details
AI Summary
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Prohibits the New Jersey Board of Public Utilities from approving electric or gas utility rate increases that would result in a total increase exceeding 2% to average residential customer bills within any five-year period
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Applies to both electric and gas public utilities operating in New Jersey
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Takes effect immediately upon enactment
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Sponsored by Senators Britnee N. Timberlake (District 34, Essex) and Brian P. Stack (District 33, Hudson), with co-sponsorship by Senator Burgess
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Pre-filed for introduction in the 2026 legislative session as part of the 222nd Legislature
Legislative Description
Prohibits BPU approval of electric or gas public utility rate increases 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
1/13/2026