BUSINESS & ECONOMY

For JCP&L Customers, Torturous Road to Lower Rates May Be Nearing End

2314By Tom Johnson for NJ Spotlight

The more than one million customers of Jersey Central Power & Light may find out this week if state regulators will reduce their electricity bills in a more than three-year-old rate case.

The state Board of Public Utilities is expected to act on an administrative law court judge’s decision to reduce revenues for the state’s second-largest utility by $107 million at its monthly meeting in Trenton on Wednesday.

The much-litigated case involves a petition filed by JCP&L in which the utility initially sought a $37.1 million increase in its rate base. In hearings before an administrative law court judge, the BPU and New Jersey Division of Rate Counsel sought to reduce rates by $170 million or more.

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