New Jersey A2758 prohibits the Board of Public Utilities from approving electric and gas rate increases exceeding two percent annually for.
New Jersey A2758 prohibits the Board of Public Utilities from approving electric or gas public utility rate increases that would result in a total increase to an average residential customer bill exceeding two percent annually. This bill aims to limit the annual rate hikes for residential customers, ensuring that their utility bills do not rise more than two percent each year. This act takes effect immediately upon enactment.
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