New Jersey A2932 prohibits public utilities from recovering legal penalties through rates charged to customers.
New Jersey A2932 prohibits the Board of Public Utilities from approving a public utility's request to recover the cost of legal penalties through the rates charged to customers. Legal penalties are defined as any payment made for legal wrongdoing or improper action by the utility or its affiliates. The bill aims to prevent utilities from passing on these costs to ratepayers.
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