New Jersey S3373 mandates the Board of Public Utilities to include a plain language summary in its final decisions on utility rate increase petitions.

New Jersey S3373 requires the Board of Public Utilities to publish a plain language summary in its final decisions on public utility rate increase petitions. The summary must include the contents of the utility's petition, a justification for the board's decision, the impact on affected customers, the current and new rates, the total amount of the increase, the utility's rate of return, the expected period to recover costs, and the effective date of the new rates. This aims to ensure consumers can understand the decisions and their impact on utility rates.

New Jersey S3373 mandates the Board of Public Utilities to include a plain language summary in its final decisions on utility rate increase petitions.

New Jersey S3373 requires the Board of Public Utilities to publish a plain language summary in its final decisions on public utility rate increase petitions. The summary must include the contents of the utility's petition, a justification for the board's decision, the impact on affected customers, the current and new rates, the total amount of the increase, the utility's rate of return, the expected period to recover costs, and the effective date of the new rates. This aims to ensure consumers can understand the decisions and their impact on utility rates.