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6 N.J.A.R. 414

Suburban Transit Corp., In a Permanent and Negotiated Increase in the Rates of Fare Pursuant to N.J.S.A. 48:2-21 and N.J.S.A. 48:2-21.1, In the Matter of the Petition of
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Citation: 6 N.J.A.R. 414
Decision Date: 1980
Synopsis: Suburban Transit Corp. sought an increase in its rates of fare from 33 percent to 175 percent. The administrative law judge assigned to the case found that a zone allocation of costs method was not inaccurate but that petitioner would not be entitled to a working capital allowance. The judge found that petitioner's method of calculation of rate of return on inequity was improper since it understated the rate of return of equity and that petitioner had not justified a profit for its purely intrastate routes. Accordingly, the administrative law judge denied petitioner a rate increase on a portion of its routes while approving others. Michael J. Mazano, Esq., for petitioner Donald Bunda, Deputy Public Advocate and Linda Lodenkamper, Deputy Public Advocate, Division of Rate Counsel (Stanley C. Van Ness, Public Advocate of New Jersey, attorney)
Citation Tracker modified-Bd. of Trustees; remanded-181 N.J. Super. 434 (App. Div. 1981) [Updated through 1991]