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

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.

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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.
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