New Jersey lawmakers grill utility companies on impending rate hike

New Jersey lawmakers grill utility companies on impending rate hike

TRENTON, N.J. (PIX11) -- State lawmakers came face to face with New Jersey's major utility companies ahead of an impending rate spike. "We did not cause this price spike," said Rick Thigpen, Senior Vice President of PSE&G, during an hours-long hearing Friday. More Local News In a Joint Select Committee hearing at the State House, utility company leaders offered testimony on the ongoing issue of energy affordability and what role the compan…

Power companies warn lawmakers about their plans to tackle rising bills • New Jersey Monitor

Electric bills are set to spike starting in June, leading Democratic lawmakers to introduce bills they say are aimed at cutting costs for ratepayers. (Getty Images)Leaders from New Jersey’s four regulated utilities told a joint legislative panel Friday that the state could take greater steps to build power generation capacity and cautioned against some cost-saving proposals lawmakers have floated as ratepayers prepare for a double-digit utility …

TECO rate hikes get backing

The Florida Public Service Commission should stand behind its decision to approve base-rate increases for Tampa Electric Co. after objections were raised by consumer representatives, the commission’s staff recommended Thursday.

Power companies warn lawmakers about their plans to tackle rising bills

by Nikita Biryukov, New Jersey Monitor Leaders from New Jersey’s four regulated utilities told a joint legislative panel Friday that the state could take greater steps to build power generation capacity and cautioned against some cost-saving proposals lawmakers have floated as ratepayers prepare for a double-digit utility bill hike this June. Representatives of PSE&G, Jersey Central PowerContinue reading "Power companies warn lawmakers about the…

TECO Rate Hikes Get Backing

TALLAHASSEE — The Florida Public Service Commission should stand behind its decision to approve base-rate increases for Tampa Electric Co. after objections were raised by consumer representatives, the commission’s staff recommended Thursday.