New Jersey S728 mandates the Board of Public Utilities to consider the lowest reasonable return on equity when approving electric, gas, and water.
New Jersey S728 requires the Board of Public Utilities to determine and consider the lowest reasonable return on equity before approving electric, gas, and water public utility base rate cases. The bill mandates the development or adoption of analytic models reflecting state, federal, and industry standards for determining a fair and reasonable authorized return on equity. This act applies to petitions submitted to the Board of Public Utilities on or after the effective date.
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