New Jersey A1333 prohibits electric and gas public utility rate increases for residential customers unless due to extraordinary circumstances.

New Jersey A1333 prohibits electric and gas public utilities from increasing rates for residential customers by more than five percent in any one-year period, except in cases of extraordinary circumstances. These circumstances include major natural disasters, severe earthquakes, widespread flooding, or unexpected power grid failures that significantly disrupt utility operations. The act defines "extraordinary circumstances" as events requiring extensive response efforts beyond typical maintenance or repairs, including those declared at the state or federal level.

New Jersey A1333 prohibits electric and gas public utility rate increases for residential customers unless due to extraordinary circumstances.

New Jersey A1333 prohibits electric and gas public utilities from increasing rates for residential customers by more than five percent in any one-year period, except in cases of extraordinary circumstances. These circumstances include major natural disasters, severe earthquakes, widespread flooding, or unexpected power grid failures that significantly disrupt utility operations. The act defines "extraordinary circumstances" as events requiring extensive response efforts beyond typical maintenance or repairs, including those declared at the state or federal level.