Base spending definition
Base spending means the level of investment equal to the wastewater utility’s depreciation expense for utility plant accounts: Account No. 320- Service Connections, Traps and Accessories, Account No. 321-Collecting Mains & Accessories, and Account No. 323 - Force Mains, as reported in the wastewater utility’s most recent annual report to the Board, at the time the foundational filing is submitted. The investments eligible for inclusion in base spending are the same as set forth at N.J.A.C. 14:9-11.3(a).
Base spending means the level of investment equal to the water utility’s depreciation expense for utility plant accounts: 343 (Transmission & Distribution Mains), 345 (Services), and 348 (Hydrants), as reported in the water utility’s most recent annual report to the Board, at the time the [foundational filing] is submitted.
Base spending means the level of investment equal to the water utility’s depreciation expense for utility plant accounts: 343 (Transmission & Distribution Mains), 345 (Services), and 348 (Hydrants), as reported in the water utility’s most recent annual report.”