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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ST JOHNS - At the announcement of an updated Atlantic Accord between the provincial and federal governments, Newfoundland and Larbrador Premier Dwight Ball gave notice federal Finance Minister Bill Morneau will be in St. John’s to talk about the cost of Muskrat Falls.
“We look forward to welcoming Minister Morneau and his team to advance discussions on rate mitigation,” read a statement from the premier’s office Tuesday, in response to questions about that coming meeting and federal-provincial work on rate mitigation.
At the announcement, Ball specifically said the plan is to “finalize federal involvement for making sure electricity rates remain affordable,” with Ball and…
