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2019 New Jersey Revised Statutes
Title 48 - Public Utilities
Section 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
Universal Citation:
NJ Rev Stat § 48:2-21.11 (2019)
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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
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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