Contact Us
Make My Homepage

Utility Companies Likely to Recoup Losses From Rate Payers

There’s speculation on whether Jersey’s giant Utilities can and will hit up ratepayers for huge bucks to cover the cost of cleanup and restoration after Irene, Lee, and the Saturday Snow storm. This would be hundreds of millions of additional dollars to be added to your bill. On that subject, the regulating agency, the Board of Public Utilities seems to be speaking with forked tongue, 

Flickr user, Shehal

At first mention of the customers picking up the cost of what seems to most to be an inefficient and flawed performance, the BPU appeared to endorse the prospect of passing on to us the cost by claiming that “no electric rates assume anything remotely like costs incurred from storms”, ie. there’s no money set aside. Today, however, they’re saying that unexpected, emergency cost ARE built into the rate plans. Indicating possibly that They, rather than We have to pony up. They should have been squirreling away that part of your bills. Time and behind-the-scene bargaining will tell. My guess?  It would not be imprudent to say to Utility Rate Payers in New Jersey, “BOHICA! Here it comes again.





Best of NJ101.5

Recommended For You

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Sign up for New Jersey Insiders quickly by connecting your Facebook account. It's just as secure and no password to remember!

Sign up to have exclusive New Jersey Insiders contests, events, coupons, presales, and much more delivered to you for FREE.