Utility Rate Recovery Fairness Act prohibits electric and gas utilities from recovering certain costs.
The Utility Rate Recovery Fairness Act prohibits electric public utilities and gas public utilities from recovering certain costs through customer rates. Specifically, it bans recovery of costs related to rate proceedings, membership dues, sponsorships, lobbying, and executive travel expenses. The New Jersey Board of Public Utilities will identify any additional related costs. The act takes effect immediately.
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- Legal Framework
- Critical Issues
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