S2707 — 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.

S2707 — 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. · Informed CitizenrySenate Bill 2707 aims to place a spending limit on how much energy companies can raise rates for typical homeowners and renters. Currently, the Board of Public Utilities (BPU) has authority over ap…Open in Informed Citizenry