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.
If you're a Jersey Central Power & Light customer, you could be paying more soon. The state's second-largest utility had filed for a rate increase request with the state Board of Public Utilities to raise rates by $31 million a year.
Jersey Central Power & Light is seeking permission from state regulators to boost its rates by 1.4 percent to improve its infrastructure and cope with losses from two major weather events that occurred last year.
While most Jersey Central Power and Light customers in Ocean and Monmouth Counties have been restored to full power, there is a section of Brick Township that remains in the dark today. It was an area that has hard-hit by Hurricane Sandy.
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