N.J.S.A. 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

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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This is the verbatim text of N.J.S.A. 48:2-21.11, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.

N.J.S.A. 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 | Kyzer