NJ · gas · GR24020158
Closed case·Complete·Authorized
The requested and authorized observations use the same tax-inclusive basis for comparability.
Elizabethtown Gas initially requested a $75.6 million annual revenue increase, including sales and use tax. The Board approved $38 million on the same tax-inclusive basis.
Dec 1, 2024
Not scheduled
Case stage
complete
Filed
Feb 29, 2024
Testimony
Not recorded
Hearings
Not recorded
Briefing
Not recorded
Decision
Nov 21, 2024
Rates effective
Dec 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 ↗Conservation Incentive Program
Periodic true-up
An approved CIP adjusts gas revenues for usage changes associated with conservation and weather, separating part of utility recovery from sales volume. Its terms are utility- and order-specific.
Governing source ↗Commission decision
Utility request and Commission-authorized outcome.
| Metric | Utility request | Authorized outcome | Like-for-like difference |
|---|---|---|---|
| Annual revenue increase | $75.6M Annual utility request | $38M Prior authorized observation · Nov 21, 2024 | +$37.6M |
| Rate base | Not available Not captured in current case sources | $1,773M Authorized base-rate rate base · Nov 21, 2024 | — |
| Return on equity | 10.75% Total company rate-case request or Commission-authorized outcome · Nov 21, 2024 | 9.6% Authorized return on common equity · Nov 21, 2024 | — Not compared: scope differ |
| Common equity ratio | Not available Not captured in current case sources | 55% Authorized common-equity share of capitalization · Nov 21, 2024 | — |
| 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 · Aug 17, 2022
$40M
3 events · 1 document · 3 citations
Material filings, hearings, orders, and effective dates.
Feb 29, 2024
Base rate petition filed
official commission · completed
Nov 21, 2024
Board approved settlement
official commission · completed
Dec 1, 2024
Authorized base rates became effective
official commission · completed
Docket and evidence documents linked to this proceeding.
NJBPU order approving Elizabethtown Gas 2024 base-rate settlement
evidence · primary · Nov 21, 2024
Field-level excerpts and review metadata supporting material facts.
NJBPU order approving Elizabethtown Gas 2024 base-rate settlement
commission order · Nov 21, 2024
NJBPU order approving Elizabethtown Gas 2024 base-rate settlement
commission order · Nov 21, 2024
NJBPU order approving Elizabethtown Gas 2024 base-rate settlement
commission order · Nov 21, 2024
Stage-preserving economics and party positions as published in the canonical record.
| Metric | Stage | Party | Period | Value | Evidence |
|---|---|---|---|---|---|
| Common equity ratio | authorized | party-commission | — | 55% | |
| Annual revenue change | authorized | party-commission | — | $38M | |
| Annual revenue change | utility request | party-utility | — | $75.6M | |
| Rate base | authorized | party-commission | — | $1,773M | |
| Return on equity | authorized | party-commission | — | 9.6% | |
| Return on equity | utility request | party-utility | — | 10.75% |