New Jersey § 48:2-21.11 Moneys received as reimbursement for costs incurred from insurance carrier or as result of legal action or settlement as moneys available

New Jersey Statutes

§ 48:2-21.11 — Moneys received as reimbursement for costs incurred from insurance carrier or as result of legal action or settlement as moneys available

New Jersey § 48:2-21.11

Title 48PUBLIC UTILITIES

This text of New Jersey § 48:2-21.11 (Moneys received as reimbursement for costs incurred from insurance carrier or as result of legal action or settlement as moneys available) is published on Counsel Stack Legal Research, covering New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.J. Stat. Ann. § 48:2-21.11 (2026).

Text

In determining just and reasonable rates for any electric utility pursuant to R.S. 48:2-21, R.S. 48:2-21.1, or section 31 of P.L.1962, c. 198 (C. 48:2-21.2), the Board of Public Utilities shall provide that any moneys received by the utility as reimbursement for costs incurred, including those for replacement energy, from any insurance carrier, or as a result of any legal action or settlement shall be accounted for as moneys available to the utility. L.1983, c. 461, s. 1, eff. Jan. 12, 1984.

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In determining just and reasonable rates for any electric utility pursuant to R.S. 48:2-21, R.S. 48:2-21.1, or section 31 of P.L.1962, c. 198 (C. 48:2-21.2), the Board of Public Utilities shall provide that any moneys received by the utility as reimbursement for costs incurred, including those for replacement energy, from any insurance carrier, or as a result of any legal action or settlement shall be accounted for as moneys available to the utility. L.1983, c. 461, s. 1, eff. Jan. 12, 1984.