Rate Counsel Comes Out Against PSE&G’s $3.9B Energy Strong Program

by Tom Johnson / NJ Spotlight

Count the New Jersey Division of Rate Counsel among those urging the state Board of Utilities to reject a $3.9 billion plan by Public Service Electric & Gas to fortify its gas and electric systems over the next decade.

In filings with the BPU, the division, which represents the interests of all ratepayers in the state, recommended the regulatory agency reject the utility’s so-called Energy Strong proposal and its method of recovering those costs from ratepayers.

Like other groups that have come out against the proposal, including consumer advocates, environmentalists and manufacturers, the consultants for the Division of Rate Counsel suggested PSE&G has failed to demonstrate why it needs to recover costs from ratepayers up front in order to ensure it takes steps to harden its infrastructure against extreme weather.

Read the full story at NJ Spotlight

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