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IN RE GREEN ISLAND WTR. CO. & TOMS RIVER WTR.

177 N.J. Super. 601 (1980)

427 A.2d 595

IN THE MATTER OF THE JOINT PETITION WITH THE GREEN ISLAND WATER COMPANY AND TOMS RIVER WATER COMPANY.

Superior Court of New Jersey, Appellate Division.

Decided December 31, 1980.

Attorney(s) appearing for the Case

Stephen B. Genzer, Assistant Deputy Public Advocate, argued the cause for appellant Department of the Public Advocate (Stanley C. Van Ness, Public Advocate, attorney; Alfred L. Nardelli, Deputy Public Advocate, on the brief).

William D. Lavery, Jr., argued the cause for respondent Toms River Water Company (Davis & Reberkenny, attorneys; David R. Oberlander on the brief).

Blossom A. Peretz, Deputy Attorney General, argued the cause for respondent Board of Public Utilities (John J. Degnan, Attorney General, attorney; Erminie L. Conley, Assistant Attorney General, of counsel).

Before Judges MICHELS, ARD and FURMAN.

PER CURIAM.

The Board of Public Utilities (hereinafter BPU) by decision and order allowed the dissolution of Green Island Water Company (Green Island), its acquisition by Toms River Water Company (Toms River) and the amortization of the $30,000 "acquisition adjustment" over a ten year period by including the unamortized balance in Toms River's rate base.

Green Island and Toms River had jointly petitioned BPU to determine the monetary value of Green Island...

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