Utility Companies Likely to Recoup Losses From Rate Payers
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.