Bill
S 4304
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 John Burzichelli and 1 co-sponsor
S 4304 mandates New Jersey utilities establish minimum return-on-equity thresholds, potentially constraining rate increases for electric, gas, and water service.
Reported out of Senate Committee with Amendments, 2nd Reading