JCP&L Asked to Justify Customer Rates
State utility regulators have ordered Jersey Central Power & Light to justify the rates it charges customer.
The Board of Public Utilities unanimously agreed Wednesday to have the utility file a base rate case, which also would address concerns about JCP&L’s performance since 2005. But the board hasn’t scheduled a date for the proceeding.
The BPU’s ruling stems from a petition filed by the state Division of Rate Counsel, which raised concerns that JCP&L is earning an unreasonable profit for electric services. It also wanted the board to consider whether the utility is making necessary infrastructure improvements.
JCPL Spokesman Ron Morano said the utility is reviewing the BPU’s order and would cooperate with its requests. But he said the utility is confident it can justify its current rates.
(Copyright 2012 by The Associated Press. All Rights Reserved.)