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
A polling memo prepared by a company with ties to Gov. Chris Christie shows public support for red light cameras.Read More >
Belmar mayor's race: a wave of post-Sandy project politics stirs up seaside Monmouth borough BELMAR - When Belmar Mayor Matt Doherty rolled out his re-election campaign in February, he did so still basking in the glow of what many residents of the 6,000-person Monmouth County seaside borough saw...
By MICHAEL W. KLEIN In his weekly radio address on August 16, President Obama challenged colleges “to do their part to bring down costs” and lighten the tuition burden on students. The state colleges and universities in New Jersey have... Read More >
"Christie’s method for coping with scandal has been more complicated. In January, the seemingly-local issue of lane closings on the George Washington Bridge, which created a massive traffic jam in the Hudson River town of Fort Lee, became one of national interest when it was revealed that one of Christie’s closest staffers had ordered them—for what looked like political retribution against a Democratic mayor. The scandal was quickly dubbed 'Bridgegate,' and unfortunately for Christie, it played into his reputation as a bully. Christie's response was to act unlike himself: humble." - Olivia Nuzzi- The Daily Beast
Press releases are submitted by PolitickerNJ users, not by staff. They do not represent the viewpoint of PolitickerNJ.com.