Bill
A 5436
Requires BPU to determine and consider lowest reasonable return on equity before approving electric, gas, and water public utility base rate cases.
2024-2025 Regular Session
Introduced by Rosy Bagolie and 2 co-sponsors
Requires NJ BPU to use multiple models to identify the lowest reasonable ROE when evaluating base rate hikes for electric, gas, and water utilities, potentially lowering bills.
Assembly Floor Amendment Passed (Quijano)