BPU Directs JCP&L to File Rate Petition
by Dennis C. Linken on September 28, 2012
In what is believed to be the first time ever, the New Jersey Board of Public Utilities has issued an Order directing a public utility to file a base rate case petition so that the BPU can determine whether the company’s rates for service are just and reasonable.
The proceeding was initiated by the Division of Rate Counsel, which asserted that Jersey Central Power & Light Co. is earning an unreasonable rate of return. More than six years have elapsed since the Company’s last base rate case, and Rate Counsel contended that a new rate proceeding would help ensure that necessary capital investments are made.
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