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Committee advances a package of utility oversight bills, from ROE review to profit limits
Summary
Lawmakers moved several bills addressing utility rates and oversight — studies of small modular reactors and data‑center effects, a prohibition on piecemeal rate increases (A5464), a requirement to consider the lowest reasonable return on equity (A5436), a Public Utility Fair Profit Act (A5438), and new qualification and training standards for BPU members (A5442). Several measures passed committee after stakeholder debate.
The Assembly Telecommunications and Utilities Committee advanced multiple measures intended to address rising energy costs and strengthen regulatory oversight.
Among the items the committee amended and released: A5517 (a study on the feasibility of deploying small modular reactors statewide, with a $5 million appropriation removed by amendment); A5464 (requires a full rate review before approving discrete electric rate increases — the committee accepted technical suggestions and released the bill); A5436 (would direct the BPU to…
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