PSE&G files first rate case in six years
New Jersey’s PSE&G files its first scheduled rate case in nearly six years Friday with the New Jersey Board of Public Utilities.
A required filing, the rate case is a comprehensive electric and gas rate case that aims to recover capital investments made to modernize the state’s electric and gas infrastructure since 2018. PSE&G’s request is among the lowest filed by New Jersey public utility over the past several years, officials said.
The filing seeks to recover more than $3 billion in capital investments PSE&G has made. The rate case requests an overall bill increase of approximately 9 percent, or on average about $25 per month. The company said investment strategies have led to a 20 percent increase reliability performance and a 35 percent reduction in methane emissions, while maintaining low operations and maintenance costs per customer compares to other utility providers in the state and region.
PSE&G said the filing would increase combined electric and gas bills to about 3 percent of New Jersey household income for median-income customers and about 2 percent for low-income customers taking advantage of payment support programs. PSE&G said the affordability of its bills has improved by about 40 percent over the last 15 years.
The company also encouraged its customers to take advantage of energy efficiency programs, as well as discover tips and tools to reduce energy usage and manage monthly bills, located on the company’s website.
