N.J. Admin. Code § 16:51-3.11

Current through Register Vol. 57, No. 1, January 6, 2025

Section 16:51-3.11 - Tariff petitions that propose increases in charges to customers

(a) Except as provided in N.J.A.C. 16:53D, filings for the purpose of making revisions, changes, or alternations of existing tariffs that propose to increase any rate, fare, toll, rental, or charge or to alter any classification, practice, rule, or regulation so to result in such an increase (other than filings to effectuate the operation of an existing fuel adjustment clause) shall be by petition and shall conform to the provisions of N.J.A.C. 16:51-2 and 3.1 to the extent applicable and shall, in the body thereof or in attached exhibits, contain all applicable information and data set forth in N.J.A.C. 16:51-3.10, Tariff filings that do not propose increases in charges to customers, and in addition shall contain the following:

1.A comparative balance sheet for the most recent three-year period (calendar year or fiscal year);

2.Comparative income statement for the most recent three-year period (calendar year or fiscal year);

3.A balance sheet at the most recent date available;

4.A statement of the amount of revenue derived in the calendar year last preceding the institution of the proceedings from the intrastate sales of the product supplied, or intrastate service rendered, the rates, tolls, fares or charges which are the subject matter of the filing;

5.A pro forma income statement reflecting operating income at present and proposed rates and an explanation of all adjustments thereon;

6.Except as provided in (a)7 below, a calculation showing the indicated rate of return on the average net investment (for the same period as that covered by the pro forma income statement), that is, investment in plant facilities plus equipment, supplies and working capital to the extent claimed, less the reserve for depreciation and advances and contributions for facilities;

7.If the request for rate relief is based upon N.J.S.A. 48:2-21.2, there shall be included in lieu of the requirements of (a)6 above, a statement showing, that the facts of the particular situation meet the statutory requirements;

8.In providing the information required by this subsection, a company may also file, in addition to the new rates proposed to become effective, alternative rate changes designed to produce the full revenue request, which alternatives are illustrative of the application of other possible rate designs to the filing; and

9. An itemized schedule showing all payments or accruals to affiliated companies or organizations and to those who own in excess of five percent of the autobus utilitys capital stock regardless of the form or manner in which such charges are paid or accrued and an explanation of the service performed for such charges.

(b) Financial statements shall be prepared in accordance with the Uniform System of Accounts.

(c) In addition to the notice required pursuant to (a) above, each autobus utility that makes a filing under (a) above shall, unless otherwise ordered or permitted by the Division, give notice thereof as follows:

1.Serve a copy of the petition upon the municipal clerk in each of the municipalities in which there is rendered a regular route service, the charge for which is proposed to be increased; and

2.Serve a notice of the filing and two copies of the petition or tariff on the Director, Division of Ratepayer Advocate, Department of the Treasury, or its successor agency.

N.J. Admin. Code § 16:51-3.11

Amended by 46 N.J.R. 872(a), effective 5/19/2014.