Lawmakers, Consumer Advocates Push State to Resolve JCP&L Rate Case
If decision goes against state’s second-largest utility, customers could see their bills cut by one-third
Angry that a pending rate case has dragged on for more than three years, legislators and consumer advocates yesterday called on state regulators to quickly make a decision on a proposal that could mean significant reductions in bills for customers of Jersey Central Power & Light.
The rate case, initiated by a petition from the state Division of Rate Counsel claiming JCP&L was earning too much from its customers, could reduce bills for ratepayers by up to one-third, if positions taken by the division and by the staff of the New Jersey Board of Public Utilities are upheld.
The case has not been decided yet, primarily because an administrative law court judge has repeatedly asked for delays following extensive hearings on the proposal. The court is expected to issue a decision by December 29, but then the matter will have to be reviewed by the BPU, which can reject, modify, or accept the judge’s decision. That ruling may not come before next spring.
Both Rate Counsel and the BPU’s staff have argued the revenues of the state’s second-largest utility should be reduced by at least $200 million. In its initial filing, JCP&L sought a rate increase of $31 million…. Read the full story at NJSpotlight.