Bill
S 2707
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.
2026-2027 Regular Session
Introduced by Renee Burgess and 2 co-sponsors
New Jersey bill caps residential utility rate increases to 2% maximum per five years, restricting BPU approval authority over electric and gas utilities' rate adjustment requests.
Introduced in the Senate, Referred to Senate Economic Growth Committee