New JerseyUtilities would face daily fines after notice of missing audit information
The state utilities board would charge a public utility $500 a day after notifying it that more information is needed to finish its audit.
What it does
If enacted, the state utilities board would fine a public utility $500 a day after notifying it that the information it provided is not enough to finish an audit.
Argument forThe daily fine could prompt utilities to send needed information sooner, helping the board finish audits that might otherwise stall.
Argument againstA utility might face growing $500 daily costs while it gathers the information needed to finish an audit.
More detail
The Board of Public Utilities would charge a $500 daily fine. The fine would apply to public utilities under audit by the board. The board must first notify the utility that it has not provided enough information to finish the audit. If enacted, the rule would take effect immediately; the fine would apply for each day after the notice.
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Where it stands
- Introduced
- Passed 1st Chamber
- Passed 2nd Chamber
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Oct 5Introduced in the Senate, Referred to Senate Economic Growth CommitteeIntroduced
Consumer ProtectionGovernment & Ethics