New Jersey § 48:19-34
Full text of New Jersey New Jersey Statutes § 48:19-34, with citation guidance and answers to common questions.
§ 48:19-34.
a. All carryover costs permitted by this section and included in a RESIC rate shall
be included in the calculation of the RESIC-cap. b. Notwithstanding any other provision of this section to the contrary, when a utility
has commenced work on a RESIC-eligible project, but the eligible project has not been
placed in-service during the period captured under an initial foundational filing,
the eligible project may be considered a valid RESIC-eligible project in a subsequent
foundational filing that is filed with the board prior to the resetting of rates under
the initial foundational filing when the RESIC-eligible project began. c. When a RESIC-eligible project is placed in-service by a utility between the close
of the test year and the effective date of rates in the base rate case, the utility
may recover the costs of the project, as authorized by a board order approving a foundational
filing, in the first RESIC filing under the board's new foundational filing order
and included in the RESIC-cap. d. Unrecovered restoration costs of a project that was placed in-service during one
foundational filing may be carried over and recovered in a subsequent foundational
filing and included in a timely semi-annual RESIC filing, provided that the restoration
costs shall otherwise be within the timeframe set forth in P.L.2023, c. 315 ( C.48:19-29 et seq. ).
Frequently Asked Questions About New Jersey § 48:19-34
What does New Jersey Statutes § 48:19-34 cover?
Section 48:19-34 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 48:19-34?
A common citation format is "New Jersey Statutes § 48:19-34" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 48:19-34 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.