Quantcast
Channel: Lehigh Valley Breaking News: Breaking News
Viewing all articles
Browse latest Browse all 6469

JCP&L asking for 4.5 percent rate hike

$
0
0

The increase would equal more than $50 per year for the typical residential customer.

JCPL POWER View full size JCP&L is requesting a 4.5% rate hike to cover Superstorm Sandy repairs.  

New Jersey's second-largest utility has asked regulators for permission to raise rates to pay for recovery costs after Superstorm Sandy and a slew of other storms that have hit the state in recent years.

JCP&L wants to raise rates by 4.5 percent or more than $50 per year for the typical residential customer.

The request filed Friday with the Board of Public Utilities includes a 1.5 percent increase requested in November.

The company, which serves customers on the shore, says it spent $630 million to pay for damage caused by Sandy last year.

The request calls for recovering most of that from ratepayers.



Viewing all articles
Browse latest Browse all 6469

Trending Articles



<script src="https://jsc.adskeeper.com/r/s/rssing.com.1596347.js" async> </script>