News Formal

N.J. electric company seeks rate hike after summer when customers saw unexpectedly high bills

  • 📰 njdotcom
  • ⏱ Reading Time:
  • 28 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 63%

@River News

@Sub-Group-C,@Sub-Group-B,@Subscriberexclusive

Atlantic City Electric was one of several utility providers criticized for increased energy bills during the summer.

Atlantic City Electric, the utility company that powers millions of homes and businesses in South Jersey, wants to raise rates on its electricity after investing in energy-delivering capabilities to limit outages, according to company officials.

The provider filed a rate increase request on Nov. 21 with the New Jersey Board of Public seeking to use the funds to pay for $109 million in infrastructure work. Should the increase get approved, the typical residential customer using 643 kilowatt hours of electricity per month would see a monthly bill increase of 8%, or about $12.96, Atlantic City Electric said.Man, 19, accused in deadly N.J. shooting, turns himself in, police sayIf you purchase a product or register for an account through a link on our site, we may receive compensation.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 282. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Atlantic City casino earnings fall nearly 14% in 3rd quarterAtlantic City’s casinos saw their operating profits decline by nearly 14% in the third quarter of this year. New Jersey gambling regulators say the nine casinos had a collective gross operating profit of $236.5 million in the third quarter. That was down 13.8% from the third quarter of 2023.
Source: AP - 🏆 728. / 51 Read more »