PolitickerNJ Wire Feed
HANDLIN: JCP&L SHOULD INVEST TIME AND $$$
IN INFRASTRUCTURE INSTEAD OF RATE INCREASE
Last week, utility provider JCP&L announced it was investing $200 million this year to improve it electric support system in an effort to improve service reliability. Deputy Assembly Republican Leader Amy Handlin today asked why JCP&L did not disclose at the same time that it had filed for a 4.5 percent rate increase to recover costs from Superstorm Sandy and other storms which was revealed the next day.
“On Thursday, JCP&L was out front with the news that it was investing $200 million to improve its infrastructure and that ratepayers wouldn’t be affected because the costs were already part of the company’s yearly budget,” said Handlin, R-Monmouth. “At the end of the day on Friday, the utility then informs the public it is filing for a 4.5 percent increase to cover cleanup costs from previous storms. JCP&L is badly misinformed if it thought that tidbit would escape public notice.
“Good public relations starts with being upfront about everything, including an increase request that will be passed onto ratepayers,” said Handlin, who has been critical of the utility’s efforts in restoring lost power over the last two years. “Ratepayers deserve to see improvements to the critical framework in JCP&L’s system and have assurances that their infrastructure is reliable before a rate increase is even entertained.
“JCP&L should focus on improving its performance to its customers,” stated Handlin. “On Wall Street, bad news is often revealed after the closing bell. For customers of JCP&L, there is no closing bell. They just want to know the lights are on.”
Last year, the Division of Rate Counsel filed a petition contending JCP&L is earning a profit exceeding 12 percent in New Jersey – far above the allowable 8.5 percent.
On the Net:
NJ Assembly Republicans on Facebook
NJ Assembly Republicans on Twitter
Days after Jersey City Mayor (and 2017 gubernatorial hopeful) Steve Fulop declared his support and fundraising devotion to South Jersey Congressional candidate Bill Hughes, Senate President Steve Sweeney (D-3) see-sawed onto Fulop's turf with his own "I can find pockets of love in every part of this state including JC" statement.Read More >
Fulop endorses Smith in Bayonne mayoral raceBAYONNE - Jersey City Mayor Steve Fulop parachuted into the Bayonne mayoral race on Thursday night by endorsing incumbent Mayor Mark Smith."It is a pleasure to be with you here, Mark," said Fulop to a crowd of more than 125 supporters at a...
By ASLON GOOW, SR. I have spent the past three decades raising a family, building a business, and working to improve our Paterson communities. I am proud of those accomplishments. In 2002, I spoke at an expungement... Read More >
"This is my first Mark Smith event. There have been a lot of changes in Hudson County over the last year and a half, and the most important change that has happened is that there really is unity. For the first time, we really are working together. Despite political differences. Mark and I have worked very hard to repair that. I'm really happy to be here in support of him, because I recognize that when you work together, politics becomes secondary and you really have time to focus on government, which is the most important thing." - Jersey City Mayor Steven Fulop- PolitickerNJ.com
Press releases are submitted by PolitickerNJ users, not by staff. They do not represent the viewpoint of PolitickerNJ.com.