New Jersey A419 prohibits the Board of Public Utilities from approving rate increases that use income-graduated methodologies for electric and gas.
New Jersey A419 amends the state's electric and gas public utility rate setting procedures. The bill prohibits the New Jersey Board of Public Utilities from authorizing any rate increase by electric or gas public utilities that uses an income-graduated methodology for fixed or volumetric charges. This means lower-income customers cannot be charged more than higher-income customers for the same utility services.
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- Legal Framework
- Critical Issues
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