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NJ S728
Bill
Status
1/13/2026
Primary Sponsor
John Burzichelli
Click for details
AI Summary
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Requires the New Jersey Board of Public Utilities (BPU) to determine and consider the lowest reasonable return on equity (ROE) when evaluating base rate increase requests from electric, gas, and water utilities
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Mandates the BPU develop or adopt analytic models reflecting State, federal, and industry standards to calculate the lowest reasonable ROE for utilities
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Applies to rate petitions submitted to the BPU on or after the effective date, which is the first day of the sixth month following enactment
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Currently, the BPU considers three factors for rate adjustments: property valuation (rate base), utility expenses, and rate of return including ROE; this bill adds the lowest reasonable ROE as a required consideration
Legislative Description
Requires BPU to determine and consider lowest reasonable return on equity before approving electric, gas, and water public utility base rate cases.
Economic Growth
Last Action
Introduced in the Senate, Referred to Senate Economic Growth Committee
1/13/2026