New Jersey Court Ruling Stimulates Wholesale Rate Increases
A New Jersey court issued an opinion significant for allowing wholesale rate hikes and broader pass through of costs. The ruling scrutinizes wartime cost considerations and directs rates to reflect a multi year cost average, with substantial implications for capital attraction and utility valuations.
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Rates controversy over gas price standards sparks court dispute
Portions of a municipal case challenge a commission plan to use five year old value prices for gas rates arguing the standard is arbitrary and punitive to ratepayers. The companies contend the approach inflates costs while municipalities cite legality and historical references including Supreme Court commentary.
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United States Supreme Court
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