N.J. Admin. Code § 14:3-2A.4

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

Section 14:3-2A.4 - Infrastructure Investment Program length and limitations

(a) A utility may petition the Board for approval of an Infrastructure Investment Program extending for a period of five years or less.

(b) The Board may limit the size of a particular Infrastructure Investment Program due to its anticipated impact on rates, or for any other reasons in the Board's discretion.

(c) A utility that offers more than one regulated service may file separate petitions to establish separate Infrastructure Investment Programs for each regulated service offered by the utility. Under these circumstances, each Infrastructure Investment Program approved by the Board shall be subject to its own respective spending cap.

(d) A water utility shall not simultaneously maintain an Infrastructure Investment Program and utilize the Board's Distribution System Improvement Charge (DSIC), set forth in N.J.A.C. 14:9-10. Before filing a petition in support of a proposed Infrastructure Investment Program under this subchapter, a water utility shall first close out any existing DSIC program.

(e) Allowance for Funds Used During Construction (AFUDC) shall be permitted under an Infrastructure Investment Program, but a utility shall not utilize AFUDC once Infrastructure Investment Program facilities are placed in service.

(f) Year-to-year variations in an Infrastructure Investment Program's approved annual budget of up to 10 percent shall be permitted, provided that the total Program budget is not exceeded. Variations in excess of 10 percent shall require Board approval.

N.J. Admin. Code § 14:3-2A.4

Adopted by 50 N.J.R. 630(a), effective 1/16/2018