This bill mandates that when a public utility files a petition with the Board of Public Utilities (BPU) for an increase in base rates, it must submit a report detailing its capital investments. The report must be formatted as specified by the BPU and is intended to help determine the necessary revenue levels for the utility to achieve a fair return on its investments. After receiving the report, the BPU has 30 days to review its contents and is required to post the report on its website. However, any information deemed confidential by the BPU will be removed or redacted before the report is made public.

The bill aims to enhance transparency regarding public utilities' capital investments and the rationale behind rate increases. By ensuring that the BPU publicly shares this information, the legislation seeks to provide consumers with greater insight into the financial operations of public utilities and the factors influencing rate adjustments.