A rate hike could be in store for New Jersey Natural Gas (NJNG) customers.
The utility has asked the state Board of Public Utilities (BPU) to approve an approximately $148 million increase to its delivery rates. If approved, the change would increase the average household bill by about 24%, or $21...
Since Superstorm Sandy devastated New Jersey and knocked out power to millions of homes and businesses, the state's utilities have been faced with tough questions about what they can do to protect customers in the face of future weather disasters. One utility has responded with a comprehensive and pricey plan.
Super-storm Sandy proved there are a lot of issues to be addressed by power companies. Should they raise substations? How can the infrastructure be improved? Should more power lines by underground?
Assemblyman Greg McGuckin, a member of the Telecommunications and Utilities Committee, feels Jersey Central Power & Light Company (JCP&L) should withdraw their recently submitted request to the Board of Public Utilities (BPU) for a $31.5 million rate hike in order to cover the costs of Hurricane Irene in September, 2011 and the snowstorm which followed in October that same year.
The state's utility companies are defending their performance during Superstorm Sandy after being put in the hot seat once again by the State Assembly Telecommunications and Utilities Committee.
To cover expenses incurred after Hurricane Irene and last year's surprise October ice storm and to pay for infrastructure upgrades, Jersey Central Power and Light (JCP&L) is requesting a $31 million a year rate increase.
Following a heated discussion by mayors of the short comings of JCP&L during Hurricane Sandy, a comprehensive list of proposed changes has been made for the utility to improve current and future restoration efforts.