New Jersey's Board of Utilities, (BPU), which regulates
utility companies, is considering changing their rules in a way
that could harm every gas and electric customer in the Garden State. The BPU wants to make it easier for utilities to increase
your rates provisionally; before the company has actually
proven they even need a rate increase and that a price hike is reasonable. Under
this scheme, utilities implementing provisional rates would have to refund
customers if the rate finally approved by the Board is less than the
provisional rate. However, and because
the record shows utility companies file for rate increase well above what they
are actually granted – sometimes 65-70% higher - the BPU’s proposal would allow
your utility company to receive a financial windfall at your expense.
doesn’t believe customers should be used as a bank to make lucrative loans to
their utility companies.
To make matters worse, the BPU also wants to weaken regulations and oversight to
allow utility companies to add a new surcharge, on top of what you are already
paying, for infrastructure programs.
This would allow utility companies to raise your rates without a
comprehensive, independent review of all utility costs and investment decisions to
determine if your current rates are reasonable.
This proposal will fast-track
rate increases and is not needed. Utilities
have an obligation to make all necessary infrastructure investments without new
surcharges and without weakening oversight.
Failing to carry out this obligation amounts to holding consumers
hostage, rather than fulfilling its obligation to serve its customers.
Raise your voice before they raise your rates! Tell the BPU to stand with
consumers and reject these anti-consumer proposals.
THE DEADLINE FOR
COMMENTS IS OCTOBER 6, 2017. BUT PLEASE
Protect Utilities Customers from Unfair Charges!
Dear Secretary Irene Kim Asbury,
Re: Proposal Number: PRN 2017-165 and Proposal Number: PRN 2017-164
Sincerely,[Your Name] [Your Address] [City, State ZIP][Your Email]