STATE OF NEW JERSEY
222nd LEGISLATURE
PRE-FILED FOR INTRODUCTION IN THE 2026 SESSION
Sponsored by:
Assemblywoman ANDREA KATZ
District 8 (Atlantic and Burlington)
Assemblywoman LUANNE M. PETERPAUL
District 11 (Monmouth)
Co-Sponsored by:
Assemblymen Hutchison, Miller and Assemblywoman Donlon
SYNOPSIS
Prohibits BPU approval of electric and gas public utility rate increases resulting in total increase to average residential customer bill in excess of two percent annually.
CURRENT VERSION OF TEXT
Introduced Pending Technical Review by Legislative Counsel.
An Act concerning electric and gas public utility rates and supplementing Title 48 of the Revised Statutes.
Be It Enacted by the Senate and General Assembly of the State of New Jersey:
1. Notwithstanding any law, rule, regulation, or order to the contrary, the Board of Public Utilities shall not approve electric or gas public utility rate increases that are projected to result in a total increase to an average residential customer bill in excess of two percent annually.
2. This act shall take effect immediately.
STATEMENT
This bill prohibits the Board of Public Utilities from approving electric or gas public utility rate increases that are projected to result in a total increase to an average residential customer bill in excess of two percent annually.