Jersey Central Power and Light charges New Jerseyans some of the highest electric rates in the country. However, according to the Division of Rate Counsel, these rates are not simply high; they may in fact be excessive, overcharging customers by upwards of $90 million a year above and beyond the rate that the BPU has authorized. Furthermore, the BPU has not evaluated JCP&L’s rates for six years.
On Monday, June 18, the BPU is scheduled to hold a hearing on this issue, and will be deciding whether to require JCP&L to open up its books and file a “base rate case”. AARP believes that it is time to examine JCP&L’s rates to see if they are just and reasonable, and that the BPU must do its duty to protect ratepayers, order a base rate case and examine JCP&L’s operations. And if the BPU finds its rates are too high, rates should be permanently reduced. For more information, or to add your name to the recently launched petition drive, please visit www.JCPLShowUsTheMoney.org.