In the Matter of the Revision in Rates Filed by New Jersey Power & Light Company, Increasing Its Rates for Electric…

Summary

The Supreme Court of New Jersey affirmed the Board of Public Utility Commissioners' order denying New Jersey Power & Light Company's proposed rate increase. The Court held that the Board's determination of the rate base, income and expense adjustments, and the resulting rate of return were supported by substantial competent evidence and did not constitute an unlawful taking or denial of due process. The decision also rejected the utility's claims that the Board acted arbitrarily or capriciously.