NJ · gas · GR22040253
Closed case·Order entered·Authorized
The authorized increase was approximately one-third of the filed request.
South Jersey Gas requested a $73.1 million annual revenue increase. The Board approved a $25 million settlement.
Dec 21, 2022
Not scheduled
Case stage
order entered
Filed
Apr 14, 2022
Testimony
Not recorded
Hearings
Not recorded
Briefing
Not recorded
Decision
Dec 21, 2022
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 | $73.1M Annual utility request | $25M Prior authorized observation · Dec 21, 2022 | +$48.1M |
| Rate base | Not available Not captured in current case sources | $2,394.12M Authorized base-rate rate base · Dec 21, 2022 | — |
| Return on equity | Not available Not captured in current case sources | 9.6% Authorized return on common equity · Dec 21, 2022 | — |
| Common equity ratio | Not available Not captured in current case sources | 54% Authorized common-equity share of capitalization · Dec 21, 2022 | — |
| 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 · Sep 23, 2020
$39.5M
2 events · 1 document · 2 citations
Material filings, hearings, orders, and effective dates.
Apr 14, 2022
Base rate petition filed
official commission · completed
Dec 21, 2022
Board approved settlement
official commission · completed
Docket and evidence documents linked to this proceeding.
NJBPU order approving South Jersey Gas 2022 base-rate settlement
evidence · primary · Dec 21, 2022
Field-level excerpts and review metadata supporting material facts.
NJBPU order approving South Jersey Gas 2022 base-rate settlement
commission order · Dec 21, 2022
NJBPU order approving South Jersey Gas 2022 base-rate settlement
commission order · Dec 21, 2022
Stage-preserving economics and party positions as published in the canonical record.
| Metric | Stage | Party | Period | Value | Evidence |
|---|---|---|---|---|---|
| Common equity ratio | authorized | party-commission | — | 54% | |
| Annual revenue change | authorized | party-commission | — | $25M | |
| Annual revenue change | utility request | party-utility | — | $73.1M | |
| Rate base | authorized | party-commission | — | $2,394.12M | |
| Return on equity | authorized | party-commission | — | 9.6% |