JCP&L’s $31.5 million rate increase proposal is unwarranted because of the utility’s extremely poor performance in restoring power and keeping families, businesses and communities informed after several recent incidents – most notably Hurricanes Sandy and Irene. JCP&L claims the 1.4 percent increase is necessary to cover costs associated with Hurricane Irene in 2011, however, there are too many unresolved issues – particularly an allegation from New Jersey’s Division of Rate Counsel that the utility is earning too much profit from N.J. ratepayers to send back to its parent company in Ohio. We strongly urge the BPU to deny JCP&L’s rate increase.
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