# New Jersey S4304: Requires BPU to determine and consider lowest reasonable return on equity before approving electric, gas, and water public utility base rate cases.

New Jersey S4304, Requires BPU to determine and consider lowest reasonable return on equity before approving electric, gas, and water public utility base rate cases., is a 220th Legislature (2024-2025) Senate bill sponsored by John J. Burzichelli (Democratic), Shirley K. Turner (Democratic); status failed, last action 2025-06-12 (REP/SCA, 2nd Reading in Senate) (as of 2026-10-17).

- Canonical: https://policyrisk.com/state-bill/NJ-S4304-2024-2025
- As of: 2026-10-17
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: New Jersey S4304
- State: New Jersey
- Session: 220th Legislature (2024-2025)
- Title: Requires BPU to determine and consider lowest reasonable return on equity before approving electric, gas, and water public utility base rate cases.
- Status: failed
- Chamber: Senate
- Introduced: 2025-05-12
- Last action: 2025-06-12, REP/SCA, 2nd Reading in Senate
- Sponsors: John J. Burzichelli (Democratic), Shirley K. Turner (Democratic)
- Cosponsors: 0
- Touches household money: no
- Economic provisions PRIA read: 0

## Summary

No summary available.

## Bill overview

No economic impacts identified for this bill.

## Sponsors and cosponsors

- Sponsor: John J. Burzichelli (Democratic), Senate
- Sponsor: Shirley K. Turner (Democratic), Senate

## Actions (2)

- 2025-06-12: REP/SCA, 2nd Reading in Senate (Senate)
- 2025-05-12: Introduced, 1st Reading in Senate, Referred to Senate Economic Growth Committee (Senate)

## Bill text

- As Introduced, 2025-06-13: [HTML](https://pub.njleg.state.nj.us/Bills/2024/S4500/4304_I1.HTM), [PDF](https://pub.njleg.state.nj.us/Bills/2024/S4500/4304_I1.PDF)
- Senate Economic Growth (6/12/25 1R), 2025-06-13: [HTML](https://pub.njleg.state.nj.us/Bills/2024/S4500/4304_R1.HTM), [PDF](https://pub.njleg.state.nj.us/Bills/2024/S4500/4304_R1.PDF)
- Senate Economic Growth Substitute (6/12/25), 2025-06-13: [HTML](https://pub.njleg.state.nj.us/Bills/2024/S4500/4304_S1.HTM), [PDF](https://pub.njleg.state.nj.us/Bills/2024/S4500/4304_S1.PDF)

## Related bills

- S4928: Requires payment of prevailing wage for certain data center construction. (signed)
- S4925: Expands provisions of P.L.2022, c.9 under certain circumstances. (signed)
- S4847: Makes various changes to membership on Cannabis Regulatory Commission and to legalized medical and personal use cannabis marketplace. (signed)
- S4858: Establishes "New Jersey Veterans and Military Spouses Asset Protection Act." (signed)
- S4678: Includes retired teachers and county college faculty members in science, technology, engineering, and mathematics teacher grant program.* (signed)
- S4812: Requires DCA to resume Reconstruction, Rehabilitation, Elevation and Mitigation program with remaining funds for unmet recovery and rebuilding needs for Supers… (signed)

## Sources
- [As Introduced (HTML)](https://pub.njleg.state.nj.us/Bills/2024/S4500/4304_I1.HTM)
- [As Introduced (PDF)](https://pub.njleg.state.nj.us/Bills/2024/S4500/4304_I1.PDF)
- [Senate Economic Growth (6/12/25 1R) (HTML)](https://pub.njleg.state.nj.us/Bills/2024/S4500/4304_R1.HTM)
- [Senate Economic Growth (6/12/25 1R) (PDF)](https://pub.njleg.state.nj.us/Bills/2024/S4500/4304_R1.PDF)
- [Senate Economic Growth Substitute (6/12/25) (HTML)](https://pub.njleg.state.nj.us/Bills/2024/S4500/4304_S1.HTM)
- [Senate Economic Growth Substitute (6/12/25) (PDF)](https://pub.njleg.state.nj.us/Bills/2024/S4500/4304_S1.PDF)

## Related
- [S4928: Requires payment of prevailing wage for certain data center construction.](https://policyrisk.com/state-bill/NJ-S4928-2024-2025)
- [S4925: Expands provisions of P.L.2022, c.9 under certain circumstances.](https://policyrisk.com/state-bill/NJ-S4925-2024-2025)
- [S4847: Makes various changes to membership on Cannabis Regulatory Commission and to le…](https://policyrisk.com/state-bill/NJ-S4847-2024-2025)
- [S4858: Establishes "New Jersey Veterans and Military Spouses Asset Protection Act."](https://policyrisk.com/state-bill/NJ-S4858-2024-2025)
- [S4678: Includes retired teachers and county college faculty members in science, techno…](https://policyrisk.com/state-bill/NJ-S4678-2024-2025)
- [S4812: Requires DCA to resume Reconstruction, Rehabilitation, Elevation and Mitigation…](https://policyrisk.com/state-bill/NJ-S4812-2024-2025)
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Source: PRIA, https://policyrisk.com/state-bill/NJ-S4304-2024-2025 (as of 2026-10-17).