N.J. Admin. Code § 14:3-2A.1

Current through Register Vol. 56, No. 18, September 16, 2024

Section 14:3-2A.1 - Infrastructure Investment Program-purpose, scope, and general provisions

(a) This subchapter establishes a regulatory mechanism concerning an Infrastructure Investment Program, which will allow a utility to accelerate its investment in the construction, installation, and rehabilitation of certain non-revenue producing utility plant and facilities that enhance safety, reliability, and/or resiliency. Through an Infrastructure Investment Program approved by the Board, a utility may obtain accelerated recovery of qualifying investments, subject to the terms of this subchapter, and any other conditions set by the Board in approving an individual utility's Infrastructure Investment Program.

(b) The purpose of an Infrastructure Investment Program is to provide a rate recovery mechanism that encourages and supports necessary accelerated construction, installation, and rehabilitation of certain utility plants and equipment. As set forth in this subchapter, such investment would occur in a systematic and sustained way to advance construction, installation, and rehabilitation of utility infrastructure needed for continued system safety, reliability, and resiliency, and sustained economic growth in the State of New Jersey.

(c) The Board shall require frequent and detailed reporting of expenditures during all phases of an Infrastructure Investment Program, as set forth in this subchapter, in order to ensure prudent investment and compliance with this subchapter.

N.J. Admin. Code § 14:3-2A.1

Adopted by 50 N.J.R. 630(a), effective 1/16/2018