Requires BPU to establish best practices and to assess electric public utilities' compliance with BPU best practices during BPU's review of rate increase.

Summary

The bill orders the Board of Public Utilities (BPU) to create best‑practice guidelines covering generation, transmission, operations, consumer education, business management, and affordability for electric public utilities. When a utility files a request to raise rates, the BPU must evaluate the utility’s progress against objective benchmarks derived from those guidelines and may not approve any rate component unless the utility shows adequate progress. The goal is to ensure utilities operate safely, efficiently, and affordably for New Jersey ratepayers.

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