N.J. Admin. Code § 7:11-2.3

Current through Register Vol. 56, No. 12, June 17, 2024

Section 7:11-2.3 - General rate schedule for operations and maintenance

(a) The general rate schedule for operations and maintenance per million gallons listed at (b) below is based on estimated annual operations and maintenance expenses consisting of all current costs, obligations, and expenses of, or arising in connection with, the operation, maintenance, and administration of the System, and minor additions or improvements thereof or thereto, or the performance of any water purchase contract, including, but not limited to, all of the following:

1. All routine repairs and ordinary replacements and reconstruction of the System; all wages, salaries and other personnel costs, including costs of pension, retirement, health and other employee benefit programs; all fuel, utilities, supplies and equipment; and all supervisory, engineering, accounting, auditing, legal and financial advisory services;

2. All taxes and payments in lieu of taxes;

3. All costs of insurance for the System, including any form of self insurance (or self insurance reserves) maintained by the Authority and payment of all claims not covered by the Authority's insurance;

4. All fees and expenses incurred in connection with any Credit Facility, Reserve Account Credit Facility, the issuance of any bonds or the issuance of any other indebtedness of the Authority, and all fees and expenses of counsel, fiduciaries and others in connection with any such Credit Facility, Reserve Account Credit Facility, bonds or other indebtedness of the Authority to the extent not required to be paid out of the proceeds of such bonds or other indebtedness;

5. All amounts required to be deposited into the Rebate Fund, at the time and in the manner set forth in any investment rebate instructions or otherwise in accordance with the Internal Revenue Code;

6. All amounts required to be paid into any reserve fund established for operation and maintenance expenses;

7. Allowance for depreciation with respect to equipment and property having a depreciable life of greater than three years but less than 10 years; and

8. Any other current costs, expenses, or obligations required to be paid by the Authority under the provision of any agreement or instrument relating to bonds, other indebtedness of the Authority, or by law. The current sales base of 182.339 million gallons per day has been used in setting the rate listed at (b) below.

(b) General rate schedule for operations and maintenance:

Period (State fiscal year unless otherwise indicated)	Allocation	Rate/Million Gallons
State fiscal year 2024	Million Gallons per Day (MGD)	$203.00

N.J. Admin. Code § 7:11-2.3

Amended by 46 N.J.R. 1743(b), effective 8/4/2014.

Amended by47 N.J.R. 1316(b), Effective June 15, 2015, operative July 1, 2015

Amended by 48 N.J.R. 1064(a), effective 6/20/2016

Amended by 49 N.J.R. 1678(b), effective 6/19/2017

Amended by 50 N.J.R. 1483(a), effective 7/2/2018

Amended by 51 N.J.R. 989(b), effective 6/17/2019

Amended by 52 N.J.R. 1265(a), effective 6/15/2020

Amended by 53 N.J.R. 1083(a), effective 6/21/2021

Amended by 54 N.J.R. 1165(b), effective 6/20/2022

Amended by 55 N.J.R. 1289(a), effective 6/19/2023