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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WASHINGTON - US-based NuScale Power announced on 28 August that the US Nuclear Regulatory Commission (NRC) had completed Phase 6 review—the last and final phase—of the Design Certification Application (DCA) for its small modular reactor (SMR) with the issuance of the Final Safety Evaluation Report (FSER).
The FSER represents completion of the technical review and approval of the NuScale SMR design. With this final phase of NuScale’s DCA now complete, customers can proceed with plans to develop NuScale power plants with the understanding that the NRC has approved the safety aspects of the NuScale design.
“This is a significant milestone not only…
