NJ · gas · GR21030679
Closed case·Order entered·Authorized
The authorized annual increase was materially below the initial request.
New Jersey Natural Gas initially requested approximately $165.67 million in additional annual revenue. The Board approved a $79 million settlement.
Nov 17, 2021
Not scheduled
Case stage
order entered
Filed
Mar 30, 2021
Testimony
Not recorded
Hearings
Not recorded
Briefing
Not recorded
Decision
Nov 17, 2021
Rates effective
Not recorded
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 | $165.67M Annual utility request | $79M Prior authorized observation · Nov 17, 2021 | +$86.67M |
| 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, 2024
$157M
Common equity ratio
authorized · Prior authorized observation · Nov 21, 2024
54%
Overall rate of return
authorized · Prior authorized observation · Nov 21, 2024
7.08%
Rate base
authorized · Prior authorized observation · Nov 21, 2024
$3,245.02M
Return on equity
authorized · Prior authorized observation · Nov 21, 2024
9.6%
2 events · 1 document · 1 citation
Material filings, hearings, orders, and effective dates.
Mar 30, 2021
Base rate petition filed
official commission · completed
Nov 17, 2021
Board approved settlement
official commission · completed
Docket and evidence documents linked to this proceeding.
NJBPU order approving New Jersey Natural Gas 2021 base-rate settlement
evidence · primary · Nov 17, 2021
Field-level excerpts and review metadata supporting material facts.
NJBPU order approving New Jersey Natural Gas 2021 base-rate settlement
commission order · Nov 17, 2021
Stage-preserving economics and party positions as published in the canonical record.
| Metric | Stage | Party | Period | Value | Evidence |
|---|---|---|---|---|---|
| Annual revenue change | authorized | party-commission | — | $79M | |
| Annual revenue change | utility request | party-utility | — | $165.67M |