NJ Court Says Utilities Board Snubbed DEP Bid To Buy Site

Law360, New York (July 17, 2013, 9:51 PM ET) -- A New Jersey appellate court on Wednesday reversed the Board of Public Utilities’ approval of the sale of a utility-owned site to residential developers, saying the BPU failed to consider a bid from the state’s environmental regulator before approving the sale, which is now voidable.

A three-judge panel of the Superior Court of New Jersey’s Appellate Division sided with four environmental groups and the state’s Division of Rate Counsel, which urged the court to overturn the BPU’s approval of Atlantic City Electric Co.’s sale of a...
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