NJ's largest utility asking for rate hikes
NEWARK, NEW JERSEY - New Jersey's Board of Public Utilities is giving customers a chance to weigh in on a request to raise rates for the state's largest utility company.
Public Service Electric and Gas Co., a subsidiary of Public Service Enterprise Group Inc., has requested raising electric rates by 4 percent and gas rates by 5.4 percent. That would mean an extra $55 a year on the bills of electric customers and $77 for gas.
The Newark-based utility, which has 2.1 million customers across the state, wants the higher rates to be in place by the end of March.
The first hearing before the BPU on the proposed increase is scheduled was held in Hackensack.
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TORONTO - Toronto faces a significant challenge in meeting the growing electricity needs of its expanding population and ambitious development plans. According to a new report from Ontario's Independent Electricity System Operator (IESO), Toronto's peak electricity demand is expected to nearly double by 2050. This highlights the need for proactive steps to secure adequate electricity supply amidst the city's ongoing economic and population growth.
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Several factors are contributing to the projected increase in electricity demand:
Population Growth: Toronto is one of the fastest-growing cities in North America, and this trend is expected to continue.…
