Under the direction of Nusha Wyner, the Division of Energy is responsible for traditional regulatory responsibilities associated with the natural gas and electric industries, in addition to the evolutionary facets of rates unbundling, deregulation and retail competition. With the enactment of the Electric Discount and Energy Competition Act of 1999, N.J.S.A. 48:3-49 et seq. ("EDECA"), the Division's responsibilities have significantly increased and changed as it fosters full electric and natural gas retail competition in New Jersey. The Division is comprised of four bureaus that have distinct, yet often interacting, responsibilities.
Bureau of Revenue Requirements
The Bureau of Revenue Requirements performs traditional rate-related functions associated with determining revenue requirements, setting rates, reviewing tariffs and addressing tax issues. These functions encompass base rate cases, various adjustment clauses and depreciation matters. With retail competition, these functions are changing to meet the needs of a reconfigured energy environment in areas such as societal benefits charges, and market transition costs.
Bureau of Rates and Tariffs
The Bureau of Rates and Tariffs comprises the key functions associated with cost of service studies, unbundling of tariffs, alternate plans of regulation, rate and tariff design, mergers and acquisitions, competitive services, stranded costs, appliance service offerings and affiliate relations. The Bureau will also be addressing major changes in the electric and gas industries, mergers, ongoing review of unbundled rates, deferred balances for electric utilities and cost of service studies for all seven energy utilities.
Bureau of Market Development and System Reliability
The Bureau of Market Development and System Reliability oversees industry restructuring issues, policy design, development of EDECA-mandated energy standards, environmental disclosure requirements, and Federal Energy Regulatory Commission, PJM Interconnection and regional transmission matters. Market development includes basic generation supply, basic gas supply service, customer account services and the monitoring of customers changing energy suppliers. Another major role of the Bureau is to coordinate the efforts of working groups to facilitate utility transition to open competition. System Reliability includes regulatory oversight associated with the provision of electric and natural gas service.