N.J. Admin. Code § 14:9-11.5

Current through Register Vol. 56, No. 11, June 3, 2024

Section 14:9-11.5 - WSIC filing requirements

(a) Each WSIC filing made by a wastewater utility shall include the following:

1. A detailed description of all WSIC-eligible in-service projects clearly identifying any projects that are carried over from a prior WSIC period or from a prior WSIC recovery period and any restoration costs sought for in-service projects, as well as the in-service date of the project associated with the restoration costs.

2. Aggregate information capturing blanket-type, WSIC-eligible infrastructure, to be rehabilitated or replaced (that is, service laterals, manholes, etc.) and the actual annual cost of such blanket-type replacement programs.

3. A schedule comparing the:

i. Total spending on WSIC-eligible projects to date, during the WSIC recovery period, including the base-project spending and WSIC-project spending by Foundational Filing project identification number or blanket-project category;

ii. Actual cost of completed WSIC-eligible projects for the WSIC recovery period with the estimated costs for the projects contained in the most recent Foundational Filing or amendment thereto;

iii. In-service date of completed WSIC-eligible projects versus estimated in-service date of WSIC-eligible projects as set forth in the Foundational Filing; and

iv. Actual revenues collected through the WSIC assessment, compared with the actual revenue requirement of the WSIC-eligible projects during the WSIC recovery period, and the resultant WSIC under- or over-recovery amounts.

4. A proposed WSIC schedule outlining the WSIC charge, determined in accordance with this subchapter, and detailed information demonstrating that the proposed WSIC charge meets the requirements at N.J.A.C. 14:9-11.9. The schedule shall include either a proposed schedule for returning to customers any over-recovery in the prior WSIC recovery period, including interest at the adjusted weighted average cost of capital, or a proposed schedule for recovering from customers any under-recovery in the prior WSIC recovery period. The over-recovery, including interest, or under-recovery, shall be credited or charged to customers during the next WSIC recovery period. This information shall support the WSIC charge calculation, with documentation, detailed financial analyses, and other relevant information, showing all assumptions and calculations. All supporting financial information shall be presented in such a way as to allow the Board to evaluate whether the calculations meet the requirements of this subchapter.

5. Other documentation, as needed, to evaluate the WSIC program.

(b) WSIC filings shall be filed with the Board on a semi-annual basis, commencing approximately six months after the effective date of the Foundational Filing. A wastewater utility must submit its semi-annual WSIC filing within 15 days of the end of the WSIC recovery period. WSIC filings shall be reviewed by Board staff and the Division of Rate Counsel. In the event that Board staff or the Division of Rate Counsel identifies a particular project or projects or restoration costs associated with a project of concern contained in the WSIC filing, the wastewater utility shall remove the project or restoration costs from the list of WSIC-eligible projects. If the wastewater utility objects to the removal of a project or restoration costs from the list of WSIC-eligible projects, the wastewater utility may file a petition with the Board seeking inclusion of the project or restoration costs as a WSIC-eligible project. The wastewater utility may recover the interim surcharge associated with the WSIC-eligible projects closed or restoration costs during the WSIC recovery period not objected to by Board staff or the Division of Rate Counsel beginning 45 days after the receipt of the complete semi-annual WSIC filing, subject to refund at the Board's discretion.

(c) The semi-annual WSIC filings may include changes or updates to information provided in the Foundational Filing provided the information is material and relevant and the wastewater utility has a reasonable expectation that the change will occur during the WSIC recovery period.

N.J. Admin. Code § 14:9-11.5

Adopted by 52 N.J.R. 2115(a), effective 12/7/2020