By Assemblywoman Caroline Casagrande
A state administrative law judge has recommended state regulators cut Jersey Central Power & Light’s rates by $107.5 million. It is now time for the Board of Public Utilities to act. JCP&L customers have waited over three years for relief. The BPU should respond quickly and in the best interest of consumers who have been footing the bill.
In 2011, the Division of Rate Counsel voiced concerns that JCP&L was earning excessive profits and not investing in infrastructure improvements. BPU ordered JCP&L to open its books to determine whether its profits were reasonable. The findings proved they were not, which is what the ratepayer advocate and I had been saying all along. BPU staff recommended that JCP&L cut its rates by $169.8 million.Art Gallagher | Filed under: Amy Handlin, Caroline Casagrande, JCP&L | Tags: Assemblywoman Amy Handlin, Assemblywoman Caroline Casagrande, Board of Public Utilities, BPU, Hurricane Irene, JCP&L, Superstorm Sandy | No Comments »