New Jersey Administrative Code › Title 16 - TRANSPORTATION › Chapter 65 - TRANSPORTATION UTILITIES › Subchapter 4 - PETITIONS AND RIGHT OF FIRST REFUSAL › Section 16:65-4.12 - Tariff filings or petitions that propose increases in charges to customers

Current through Register Vol. 56, No. 14, July 15, 2024
(a) Filings
				or petitions for the purpose of making tariff effective or for making
				revisions, changes, or alterations of existing tariffs which 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 conform to the provisions of N.J.A.C. 16:65-3 and 4.1 through
				4.5, to the extent applicable, and shall in the body of the filing or the
				petition or in attached exhibits, contain all applicable information and data
				set forth in
				16:65-4.11, and shall contain the
				following:
1. A comparative balance sheet for
				the most recent calendar or fiscal three-year period;
2. Comparative income statement for the most
				recent calendar or fiscal three-year period;
3. Most recent balance sheet;
4. A statement of the amount of revenue
				derived in the last calendar year preceding the institution of the proceedings
				from the intrastate service rendered, the rates, tolls, fares or charges, which
				are the subject matter of the filing;
5. A pro forma income statement indicating
				the operating income at present and proposed rates and an explanation of all
				adjustments on the statement, as well as 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
				supplies and working capital to the extent claimed, less the reserve for
				depreciation and advances and contributions for facilities. A request for rate
				relief based upon
				48:2-21.2 shall contain, in lieu
				of the foregoing requirements, a statement that the facts meet the requirements
				of 48:2-21.2.
i. After the Department determines the amount
				of any rate relief, but prior to the acceptance of the new tariffs, a party
				will be heard on issues relating to the design of the proposed tariffs, if a
				party, within five days of the filing of the proposed rate design, files a
				written statement of its position on matters to be heard. No new evidence shall
				be submitted except by permission of the Department and the party shall address
				only matters in the existing record. The Department may set oral argument on
				short notice concerning rate design issues.
ii. A utility may file, in addition to the
				proposed new rates, 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;
6. 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 utility's 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; and
7. A copy of the form of notice to
				customers.