New Jersey A4505 mandates the Board of Public Utilities to set best practices for electric utilities and assess compliance during rate increase.
New Jersey A4505 requires the Board of Public Utilities (BPU) to establish best practices for electric public utilities based on national, state, and industry standards. These standards cover areas such as electric generation, transmission, operations, consumer education, business management, and affordability. The BPU must assess utilities' compliance with these best practices when reviewing rate increase requests, considering their progress and comparison to other utilities.
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- Legal Framework
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