New Jersey A2398 mandates public utilities to review and redistribute excess profits to customers, with fines for non-compliance funding utility.

New Jersey A2398, the "Public Utility Fair Profit Act," requires public utilities to annually review their revenues and redistribute any excess profits to customers. Utilities must file an annual financial report with the Board of Public Utilities, detailing actual revenues, total revenue requirement, and any excess profits. If excess profits are identified, utilities must redistribute them through approved refund mechanisms, such as bill credits, direct payments for customers with unpaid balances, or payments for those enrolled in utility assistance programs.

New Jersey A2398 mandates public utilities to review and redistribute excess profits to customers, with fines for non-compliance funding utility.

New Jersey A2398, the "Public Utility Fair Profit Act," requires public utilities to annually review their revenues and redistribute any excess profits to customers. Utilities must file an annual financial report with the Board of Public Utilities, detailing actual revenues, total revenue requirement, and any excess profits. If excess profits are identified, utilities must redistribute them through approved refund mechanisms, such as bill credits, direct payments for customers with unpaid balances, or payments for those enrolled in utility assistance programs.