Stephen B. Genzer

Stephen Genzer is a seasoned utilities lawyer who advises utility companies on legal and regulatory challenges connected with their significantly regulated industries. The issues he handles most frequently are in the ratemaking, operational, financial regulatory related areas. During a career spanning more than 40 years, Stephen has represented clients in hundreds of utility rate, regulatory compliance, and structural matters before the New Jersey Board of Public Utilities. When issues cannot be appropriately resolved at the agency, he acts as their counsel in the appellate courts. He also provides clients with perspective on the public interests that the Board must balance in its decisions based on his former work as a managing attorney for the then New Jersey Department of the Public Advocate, Division of Rate Counsel. In that role, he managed matters involving water, sewer, landfill, solid waste, resource recovery and transportation.

Stephen’s work for his clients is informed by his involvement in various proceedings connected to the restructuring of the New Jersey energy industry, including development of the original New Jersey Energy Master Plan. He also has been integrally involved in structural changes to the regulation of other industries, including matters involving the sensible implementation of a Distribution System Improvement Charge (DSIC) for the water industry and various regulatory proceedings involving taxes affecting all New Jersey regulated utilities and other matters. These experiences also contribute to his understanding of how the business needs of his clients intersect with their legal and regulatory challenges. He makes managerial decisions as the managing partner of Saul Ewing Arnstein & Lehr’s Newark office and as a former chair of the firm’s practices in energy and public utilities. His knowledge of the regulatory environment is further demonstrated by his past work teaching administrative law as an adjunct professor at Rutgers University School of Law and in the master’s program in public administration at Kean University. He also continues to teach utility ratemaking as a member of the faculty for the National Association of Regulatory Utility Commissioners’ Utility Rate Schools. 

Rate cases

Stephen has handled rate cases in numerous industries including electric, natural gas, water, wastewater, solid waste, resource recovery, landfill and transportation. He has been involved in base rate matters as well as in alternate recovery mechanisms involving various expense, expedited, phased, and rate base related asset recovery proceedings. He has also handled innovative CWIP proceedings and DSIC proceedings involving various rate-setting mechanisms dealing with recovery of investments in base rate assets.

Stephen had represented three of the four largest water companies in New Jersey with their rate cases since the mid-1980s. 

Corporate matters requiring regulatory approval

Stephen has advised and represented utility and utility holding companies regarding change of control proceedings and other structural and institutional matters. He also counsels on the drafting of procedures and formal and informal regulations, management audits, focused audits, accounting rules, and many other aspects of utility regulation. 

Select recent representative matters include:

  • The Southern Company in regulatory proceedings in New Jersey connected to its acquisition of AGLR, the parent company of Elizabethtown Gas. 
  • Representation of several water companies with respect to matters involving New Jersey’s Consolidated Tax adjustment.

Stephen was selected by the New Jersey Utilities Association in 2005 for its Distinguished Service Award.


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