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Code · New Jersey · Title 48 — Partnerships · Chapter 2

48:2-21.11. Moneys received as reimbursement for costs incurred from insurance carrier or as result of legal action or settlement as moneys available

82 words·~1 min read·/nj/title-48/chapter-2/48-2-21-11

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In determining just and reasonable rates for any electric utility pursuant to R.S. 48:2-21, R.S. 48:2-21.1, or section 31 of P.L.1962, c. 198 (C. 48:2-21.2), the Board of Public Utilities shall provide that any moneys received by the utility as reimbursement for costs incurred, including those for replacement energy, from any insurance carrier, or as a result of any legal action or settlement shall be accounted for as moneys available to the utility.
L.1983, c. 461, s. 1, eff. Jan. 12, 1984.
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