PSE&G is at it again. They’re trying to sell us on this scheme they have so that we, their customers, will pay the cost of “improving” their service to us. There are problems with the recent proposals put before the Board of Public Utilities by PSE&G.
For starters, the proposals totally lack specifics on costs & reliability. Secondly, ALL the costs of these proposals (about $4 billion) are to be paid by us, the customers of PSE&G. Given the over 10% rate of profit the company now makes, it seems more reasonable to have PSE&G fund their own investment. I mean, after all, PSE&G will not share their profits from these investments with us, their customers.
I’m a member of AARP, living on a fixed income. Since the 1st of the year, my PSE&G monthly bills have been nearly $300. a month. I surely cannot afford to pay any more. So I salute AARP for their position in opposition to this massive scheme by PSE&G to pad their profits.
The BPU should not allow these proposals (by PSE&G) to go forward. It is the job of the BPU to protect the interest of us, the customers, not PSE&G corporate stock market value. The BPU should not give PSE&G a blank check to do whatever they want with our hard earned dollars.
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