48:2-16. Supervisory and regulatory powers in general

260 words·~1 min read·/nj/title-48/chapter-2/48-2-16

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

1. The board may, after hearing, upon notice, by order in writing, require every public utility:

Compliance with laws and ordinances.

(a)To comply with the laws of the State and any municipal ordinance relating thereto, and to conform to the duties imposed upon it thereby or by the provisions of its own charter, whether obtained under general or special law of this State.

2. The board may, upon notice, by order in writing require every public utility:

System of accounts.

(a)To keep its books, records and accounts so as to afford an intelligent understanding of the conduct of its business and to that end require every public utility of the same class to adopt a uniform system of accounting. Such system shall conform, in so far as in the judgment of the board is practicable, to any system adopted or approved by any Federal regulatory agency having jurisdiction.

Periodic reports.

(b)To furnish periodically a detailed report of finances and operations in such form and containing such matters as the board may from time to time prescribe.

Notice of accidents.

(c)To give such notice to the board as the board may by rule require, of any and all accidents which may occur within the State upon the property of any public utility directly or indirectly arising from or connected with its maintenance or operation, and the board may investigate any such accident and make such order or recommendation with respect thereto as in its judgment may be just and reasonable.

Amended by L.1962, c. 198, s. 10.