JCP&L Raising Bills to Pay for Power Restoration

TRENTON, N.J. -

New Jersey’s second-largest utility company was given tentative permission Wednesday to raise customers’ bills to pay the costs it incurred to restore power after Superstorm Sandy and three other major storms, the Star-Ledger of Newark reported. Jersey Central Power & Light would be able to raise an additional $736 million by hiking bill 4.5 percent, or about $53 per year per customer. The utilities board has not given final approval to the plan.