NJ's largest utility asking for rate hikes
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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B.C. Hydro misled regulator: report
VICTORIA - B.C. Hydro misled the province’s independent regulator about an expensive technology program, thereby avoiding scrutiny on how it spent millions of dollars in public money, according to a report by the B.C. Utilities Commission.
The Crown power corporation gave inaccurate testimony to regulators about the software it had chosen, called SAP, for an information technology project that has cost $197 million, said the report.
“The way the SAP decision was made prevented its appropriate scrutiny by B.C. Hydro’s board of directors and the BCUC,” the commission found.
“B.C. Hydro’s CEO and CFO and its (audit and risk management board committee) members…
