New Jersey A3608 allows gas and electric public utilities to use alternative ratemaking mechanisms.

New Jersey A3608, the "Public Utility Rate Stabilization Act," permits gas and electric public utilities to employ alternative ratemaking mechanisms. These mechanisms include performance-based rates, formula rates, multi-year rate plans, earnings-sharing mechanisms, decoupling mechanisms, and other authorized ratemaking mechanisms. Utilities must submit a petition to the Board of Public Utilities for approval of an alternative ratemaking plan. The board must approve, deny, or modify the plan within nine months of the utility's petition.

New Jersey A3608 allows gas and electric public utilities to use alternative ratemaking mechanisms.

New Jersey A3608, the "Public Utility Rate Stabilization Act," permits gas and electric public utilities to employ alternative ratemaking mechanisms. These mechanisms include performance-based rates, formula rates, multi-year rate plans, earnings-sharing mechanisms, decoupling mechanisms, and other authorized ratemaking mechanisms. Utilities must submit a petition to the Board of Public Utilities for approval of an alternative ratemaking plan. The board must approve, deny, or modify the plan within nine months of the utility's petition.