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Committee advances bill directing BPU to consider lowest reasonable return on equity in rate cases
Summary
A5436 would require the Board of Public Utilities to determine and consider the lowest reasonable return on equity (ROE) before approving utility base‑rate increases; consumer‑advocate Rate Counsel supported the bill while utilities and business groups opposed it.
The Appropriations Committee amended and reported Assembly Bill 5,436 on May 15, 2025, legislation that would require the Board of Public Utilities to determine and consider the lowest reasonable return on equity prior to approving electric, gas and water base‑rate increases.
Rate Counsel testified in support, saying the bill would promote a transparent, regulatory…
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