26:2C-56 Action plan for ratepayer relief, certain circumstances.
103 words·~1 min read·
/nj/title-26/chapter-2c/26-2c-56A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
14. a. If the price of allowances at two consecutive regional auctions in which the State of New Jersey is a participant exceeds $7 per allowance, the department and the board shall, within 90 days after the second auction, develop an action plan for immediate ratepayer relief and hold a joint public hearing or hearings regarding the allowance price.
b. No later than 90 days after the final hearing is held, the department and the board shall jointly issue a report to the Governor and the Legislature, pursuant to section 2 of P.L.1991, c.164 (C.52:14-19.1), with their findings and recommendations.
L.2007, c.340, s.14.