FirstEnergy's FE Jersey Central Power & Light
(JCP&L) today filed with the New Jersey Board of Public Utilities (BPU) to
request a change in distribution base rates.
JCP&L's filing is to comply with a BPU order issued earlier this year for the
company to file a base rate case, detailing its spending on operations,
maintenance and capital investment. The filing also includes the costs
associated with restoring power to customers after Hurricane Irene and the
October snowstorm in 2011. The filing will be amended later to include the
restoration costs for Hurricane Sandy, once the costs are fully accounted.
If approved, the $31 million rate request would result in about a 1.4 percent
overall rate increase for an average JCP&L residential customer. While the
effect on customers' bills would depend on their specific residential or
general service rate and actual monthly use, the proposed rate request would
increase the bill for a JCP&L residential customer using 650 kilowatt hours of
electricity a month by $1.51.
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