Concerns electric and gas public utility rate setting procedures and economic impact studies.

This bill (A 419) prohibits New Jersey's Board of Public Utilities from approving rate increases by electric or gas utilities that use income-based pricing for fixed or usage-based charges. It requires the Board to conduct an economic impact study analyzing how proposed rate changes affect customers under different billing schedules before approving any increase. The bill directly affects utilities and their ratepayers, particularly lower-income households who might otherwise face reduced charges under income-graduated systems. Key provisions ban income-graduated fixed/volumetric charges and mandate impact reviews for all rate changes. The law takes effect immediately upon passage.