N.J. Admin. Code § 14:1-5.7

Current through Register Vol. 56, No. 19, October 7, 2024

Section 14:1-5.7 - Petitions for authority to change depreciation rates

(a) Petitions for the approval of change or variation in the rates of depreciation used shall conform to the provisions of N.J.A.C. 14:1-4 and 14:1-5.1 through 5.4, to the extent applicable, and shall in the body thereof, or in attached exhibits, also provide the following information:

1. The existing and proposed rates of depreciation;

2. The existing and proposed methods of calculating or determining the rates of depreciation;

3. The calculations or studies supporting the proposed change in depreciation rates;

4. The effect of the proposed changes on operating revenue deductions and operating income; and

5. A statement as to the date when it is proposed to make the changes in depreciation rates effective, which date shall not be earlier than 90 days after the filing of a petition under this rule.

(b) No public utility shall make any changes or variations in the rates of depreciation until such action is approved by the Board. Competitive services, as described in the Telecommunications Act of 1992, P.L. 1991, c.428, are exempt from this provision.

N.J. Admin. Code § 14:1-5.7

Amended by R.1998 d.84, effective 2/2/1998.
See: 29 New Jersey Register 4250(b), 30 New Jersey Register 563(a).
Former N.J.A.C. 14:11-1.12(a) was recodified as new (b); and former (b) was deleted.