file photo Boyd Loving
New Jersey Utility Users Could Get Hit by Double Whammy
BPU prepares to hear two separate series of rate cases, one on recovering costs for restoring power, the other on hardening the grid
Talk about rate shock.
The state’s gas and electric utilities aim to recover at least $1.27 billion in costs they incurred restoring power and service after extreme storms in the past few years, and the costs keep rising.
What a crock of shit. Their major cost is ‘natural gas’ that is used to make electricity. The cost of natural gas has fallen exponentially, thus increasing their profits massive amounts. I think they bragged about a miniscule percentage decrease in electric bills in a PR release. What a joke.
so true. they hate ridgewood now.