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..
New Jersey Legal Code