This bill mandates that when a public utility files a petition with the Board of Public Utilities (BPU) for an increase in its 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. The BPU is required to review the report within 30 days of receipt and subsequently post it on its website, ensuring that any confidential information is removed or redacted prior to publication.

The legislation aims to enhance transparency regarding public utilities' capital investments and the rationale behind rate increases. By making these reports accessible to the public, the bill seeks to foster accountability and informed public discourse on utility rate adjustments.