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A4716 • 2026

Prohibits BPU approval of electric or gas public utility rate increases resulting in total increase to average residential customer bill in excess of two percent within five-year period.

Prohibits BPU approval of electric or gas public utility rate increases resulting in total increase to average residential customer bill in excess of two percent within five-year period.

Energy
Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor
Speight, Shanique
Last action
2026-03-16
Official status
Introduced, Referred to Assembly Telecommunications and Utilities Committee
Effective date
Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Prohibits BPU approval of electric or gas public utility rate increases resulting in total increase to average residential customer bill in excess of two percent within five-year period.

Prohibits BPU approval of electric or gas public utility rate increases resulting in total increase to average residential customer bill in excess of two percent within five-year period.

What This Bill Does

  • Prohibits BPU approval of electric or gas public utility rate increases resulting in total increase to average residential customer bill in excess of two percent within five-year period.
  • Topic: Telecommunications and Utilities Fiscal note: This bill has not been certified by OLS for a fiscal note.

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

  1. 2026-03-16 New Jersey Legislature

    Introduced, Referred to Assembly Telecommunications and Utilities Committee

Official Summary Text

Prohibits BPU approval of electric or gas public utility rate increases resulting in total increase to average residential customer bill in excess of two percent within five-year period.
Topic:
Telecommunications and Utilities
Fiscal note:
This bill has not been certified by OLS for a fiscal note.

Current Bill Text

Read the full stored bill text 
A4716

ASSEMBLY, No. 4716

STATE OF NEW JERSEY

222nd LEGISLATURE

�

INTRODUCED MARCH 16, 2026

Sponsored by:

Assemblywoman� SHANIQUE SPEIGHT

District 29 (Essex and Hudson)

SYNOPSIS

���� Prohibits BPU approval of electric or gas public
utility rate increases resulting in total increase to average residential
customer bill in excess of two percent within five-year period.

CURRENT VERSION OF TEXT

���� As introduced.

��

An Act
concerning electric and gas public utility rates and
supplementing Title 48 of the Revised Statutes.

����
Be It
Enacted
by the Senate and General Assembly of
the State of New Jersey:

���� 1.��� The Board of Public
Utilities shall not approve electric or gas public utility rate increases that
are projected to result in a total increase to an average residential customer
bill in excess of two percent during any five-year period.

���� 2.��� This act shall take
effect immediately.

STATEMENT

���� This bill prohibits the Board
of Public Utilities from approving electric or gas public utility rate
increases that are projected to result in a total increase to an average
residential customer bill in excess of two percent during any five-year period.