"Public Utility Rate Stabilization Act"; permits gas and electric public utilities to employ alternative ratemaking mechanisms.

Summary

The Public Utility Rate Stabilization Act lets gas and electric utilities in New Jersey adopt alternative ratemaking mechanisms such as performance‑based rates, formula rates, multi‑year plans, earnings‑sharing, or decoupling. It defines key terms, requires the Board of Public Utilities to issue implementing rules within 180 days, and sets criteria for evaluating these plans. The bill aims to give utilities more flexibility while protecting customers with oversight rules.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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