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This document presents the findings and decision by the New Jersey Board of Public Utilities regarding Jersey Central Power & Light Company\'s verified petitions to establish rates for the Lost Revenue Adjustment Mechanism (LRAM) for sales losses incurred during two program years as part of their Energy Efficiency and Peak Demand Reduction Programs. It details stipulated agreements related to revenue recovery and ratemaking processes for energy efficiency initiatives.

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What is rider lost revenue adjustment?

Rider lost revenue adjustment is a reimbursement mechanism used by utility companies to recover lost revenue caused by factors such as regulatory changes, economic downturns, or unforeseen events that impact their income.

Who is required to file rider lost revenue adjustment?

Utility companies that experience revenue losses due to specified circumstances and seek to recover those losses are required to file rider lost revenue adjustments.

How to fill out rider lost revenue adjustment?

To fill out a rider lost revenue adjustment, utilities must complete specific forms provided by regulatory agencies, detailing the nature of the revenue loss, calculations supporting the adjustment, and any relevant operational data.

What is the purpose of rider lost revenue adjustment?

The purpose of the rider lost revenue adjustment is to ensure utility companies can recover legitimate losses in revenue, thus helping maintain stability in their financial performance and ensuring the continued provision of services.

What information must be reported on rider lost revenue adjustment?

Information that must be reported includes calculations of lost revenue, descriptions of the causes of revenue losses, supporting documentation, and any corrective actions taken to mitigate future losses.

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