N.J. Admin. Code § 14:9-11.7

Current through Register Vol. 56, No. 24, December 18, 2024

Section 14:9-11.7 - Carry over between WSIC Foundational Filings

(a) All carry over costs permitted by this section and included in a WSIC rate shall be included in the calculation of the WSIC cap.

(b) Notwithstanding N.J.A.C. 14:9-11.4(d), a WSIC-eligible project begun, but not in-service within one Foundational Filing, can be considered a valid WSIC project in a subsequent Foundational Filing that was filed with the Board prior to the resetting of rates within the Foundational Filing where the WSIC-eligible project began.

(c) Costs of projects, authorized by a Board Order approving a Foundational Filing and placed in service by a wastewater utility between the close of the test year and the effective date of rates in the base rate case, may be recovered in the first normally scheduled semi-annual WSIC filing under the Board's new Foundational Filing Order and included in the WSIC cap.

(d) Unrecovered restoration costs of a project that was in-service during one Foundational Filing may be carried over and recovered in a subsequent Foundational Filing and included in a timely semi-annual filing, where the restoration costs would otherwise be within the timeframe set forth at N.J.A.C. 14:9-11.3(c).

(e) Notwithstanding (a) through (d) above, if, a wastewater utility has not requested approval of a new Foundational Filing concurrently with, or during the pendency of, a base rate case where a prior WSIC rate was reset to zero pursuant to N.J.A.C. 14:9-11.6 or, if the Board does not approve such Foundational Filing, no project or restoration costs undertaken by the wastewater utility that were not recovered through the resetting of base rates will be eligible for WSIC recovery and a wastewater utility must seek recovery in a future base rate case.

N.J. Admin. Code § 14:9-11.7

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