NJ · electric · ER23020091
Closed case·Complete·Authorized
The first phase became effective December 1, 2023 and the second phase February 1, 2024.
Atlantic City Electric initially requested a $104.8 million annual revenue increase. The Board approved a $45 million settlement implemented in two phases.
Feb 1, 2024
Not scheduled
Case stage
complete
Filed
Feb 15, 2023
Testimony
Not recorded
Hearings
Not recorded
Briefing
Not recorded
Decision
Nov 17, 2023
Rates effective
Feb 1, 2024
State rules
This docket is a full base-rate review. Selected charges can change on separate schedules without reopening every issue in this case.
Full base-rate review
Case-specific; program deadlines can apply
New Jersey does not use one recurring base-case interval for every utility. Board-approved infrastructure programs can require the participating utility to file its next base-rate case within five years or sooner.
Rate period: Normally established in the utility's base-rate filing; infrastructure-program recoveries remain provisional until prudence is reviewed in the next base case.
Governing rule ↗Between full reviews
Infrastructure Investment Program
Annual or semiannual recovery
A Board-approved IIP permits accelerated recovery for qualifying in-service infrastructure through a separate tariff clause. Rates are provisional and the utility must return for a base case no later than five years after program approval.
Governing source ↗Major-event storm cost deferral
Event-driven · reviewed in a later case
A utility may defer qualifying incremental major-storm costs for later prudence and recovery review. Ordinary storm expense can remain covered by a base-rate allowance.
Governing source ↗Commission decision
Utility request and Commission-authorized outcome.
| Metric | Utility request | Authorized outcome | Like-for-like difference |
|---|---|---|---|
| Annual revenue increase | $104.8M Annual utility request | $45M Prior authorized observation · Nov 17, 2023 | +$59.8M |
| Rate base | Not available Not captured in current case sources | Not available Authorized value not captured | — |
| Return on equity | Not available Not captured in current case sources | Not available Authorized value not captured | — |
| Common equity ratio | Not available Not captured in current case sources | Not available Authorized value not captured | — |
| Residential bill impact | Not available Not captured in current case sources | Not available Authorized value not captured | — |
Prior authorizations, mechanism values, actuals, and company projections are shown separately because they are not default like-for-like case comparisons.
Annual revenue change
authorized · Prior authorized observation · Nov 21, 2025
$54M
Common equity ratio
authorized · New Jersey electric distribution common-equity ratio approved in Docket ER24110854. · Nov 21, 2025
50.24%
Rate base
authorized · Adjusted New Jersey electric distribution rate base approved in Docket ER24110854. · Nov 21, 2025
$2,285M
Return on equity
authorized · New Jersey electric distribution return on equity approved in Docket ER24110854. · Nov 21, 2025
9.6%
3 events · 1 document · 1 citation
Material filings, hearings, orders, and effective dates.
Feb 15, 2023
Base rate petition filed
official commission · completed
Nov 17, 2023
Board approved settlement
official commission · completed
Feb 1, 2024
Second phase of revised base rates became effective
official commission · completed
Docket and evidence documents linked to this proceeding.
NJBPU order approving Atlantic City Electric 2023 base-rate settlement
evidence · primary · Nov 17, 2023
Field-level excerpts and review metadata supporting material facts.
NJBPU order approving Atlantic City Electric 2023 base-rate settlement
commission order · Nov 17, 2023
Stage-preserving economics and party positions as published in the canonical record.
| Metric | Stage | Party | Period | Value | Evidence |
|---|---|---|---|---|---|
| Annual revenue change | authorized | party-commission | — | $45M | |
| Annual revenue change | utility request | party-utility | — | $104.8M |