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Water utilities to get paid faster for fixing infrastructure
The state yesterday approved a change that will allow water utilities to more quickly recover the costs of upgrading pipelines, hydrants and other infrastructure, a step that officials hope will speed up repair of New Jersey’s aging water systems.
Approved unanimously by the New Jersey Board of Public Utilities (BPU), the proposed rule will be published in the New Jersey Register. It is modeled on similar programs now in place in other states, including Pennsylvania, that allow utilities to recoup investments in upgrades without going through a full-blown regulatory review. (Johnson, NJ Spotlight)
