New Jersey § 48:19-33 RESIC-eligible project plant additions, base rate case.

New Jersey Statutes

§ 48:19-33 — RESIC-eligible project plant additions, base rate case.

New Jersey § 48:19-33

Title 48PUBLIC UTILITIES

This text of New Jersey § 48:19-33 (RESIC-eligible project plant additions, base rate case.) 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. § 48:19-33 (2026).

Text

5.

a.If RESIC-eligible project plant additions are placed in-service during the test year of a utility's base rate case, and the plant additions are not recovered as part of a routine RESIC filing, then the plant additions shall be considered as part of the base rate case proceeding and included in the plant additions, consistent with existing board rules.

b.Notwithstanding any other provisions of P.L.2023, c.315 (C.48:19-29 et seq.) to the contrary, a utility may continue to make RESIC-eligible investments and collect the RESIC rate during a pending rate case filed in accordance with existing board rules.

c.RESIC rates shall be included in base rates during a utility's subsequent base rate case, and the RESIC rate shall be reset to zero. L.2023, c.315, s.5.

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5. a. If RESIC-eligible project plant additions are placed in-service during the test year of a utility's base rate case, and the plant additions are not recovered as part of a routine RESIC filing, then the plant additions shall be considered as part of the base rate case proceeding and included in the plant additions, consistent with existing board rules. b. Notwithstanding any other provisions of P.L.2023, c.315 (C.48:19-29 et seq.) to the contrary, a utility may continue to make RESIC-eligible investments and collect the RESIC rate during a pending rate case filed in accordance with existing board rules. c. RESIC rates shall be included in base rates during a utility's subsequent base rate case, and the RESIC rate shall be reset to zero. L.2023, c.315, s.5.