N.J. Admin. Code § 7:26H-3.7

Current through Register Vol. 56, No. 21, November 4, 2024

Section 7:26H-3.7 - Petitions for authority to change depreciation rates

(a) No solid waste disposal utility shall act to cause a change in depreciation rates established in accordance with 48:2-18 without prior written approval of the Department.

(b) Petitions for the approval of change or variation in the rates of depreciation used by solid waste disposal utilities shall conform to the provisions of N.J.A.C. 7:26H-2, to the extent applicable, and shall in the body thereof, or in attached exhibits, also provide the following information:

1. The existing and proposed rates of depreciation;

2. The existing and proposed methods of calculating or determining the rates of depreciation;

3. The calculations or studies supporting the proposed change in depreciation rates;

4. The effect of the proposed changes on operating revenue deductions and operating income; and

5. A statement as to the date when it is proposed to make the changes in depreciation rates effective, which date shall not be earlier than 90 days after the filing of a petition under this section.

N.J. Admin. Code § 7:26H-3.7