Press Release
O’Toole Calls For Immediate Denial of JCP&L’s Attempted $31M Annual Rate Increase
By JRosen | December 1st, 2012 - 10:41amSenator Kevin O’Toole (R-Bergen, Essex, Passaic and Morris) urged New Jersey Board of Public Utilities President Robert Hanna to immediately deny JCP&L’s request to raise rates by nearly $31.5 million per year.
“The state’s second-largest utility has no shame,” O’Toole said. “Its parent company has raked in a $149 million increase in net income over last year, as the utility failed to adequately serve ratepayers in the aftermaths of Hurricane Irene and Sandy. Their application to suck more out of our residents’ pockets is utterly offensive.”
The text of Senator O’Toole’s letter to BPU President Hanna is quoted below. The Senator is also a lead sponsor of the Storm Response Act of 2012 aimed to significantly decrease or nullify the time New Jerseyans are without utilities in the wake of natural disasters and emergencies, by holding utilities financially accountable.
Jeremy Rosen / (609) 847-3600
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