PSE&G files first rate review in 8 years, wants 1 percent increaseStaff Writer | January 13, 2018
Public Service Electric and Gas Co. (PSE&G) filed its first regulatory rate review in more than eight years.
Energy Bills are expected to be more than 15 percent lower
The increase is necessary to recover investments PSE&G made to strengthen its electric and gas distribution systems, making them more reliable and resilient.
PSE&G is required to file the rate review as a condition of the approval by the New Jersey Board of Public Utilities of the company's Energy Strong program in 2014.
If approved as filed, the typical combined residential electric and natural gas customer will see an approximate 1 percent increase or about $19.70 in their annual bill.
Even with this proposed increase, bills for the typical residential customer are expected to be more than 15 percent lower than they were in 2010. ■