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New Jersey Statutes, Title: 48, PUBLIC UTILITIES
Chapter 2: Board of Public Utilities continued; membership; terms.
Section: 48:2-21.14: Fines, penalties not operating expense
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 shall not allow as an operating expense, any fines or penalties imposed pursuant to law and paid by the utility.
L. 1988, c. 100, s. 1..
This section added to the Rutgers Database: 2012-09-26 13:37:54.
Older versions of 48:2-21.14 (if available):
Court decisions that cite this statute:
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