JCP&L’s Request to Raise Bills Approved

MORRISTOWN, N.J. (AP) -

New Jersey’s second-largest utility company has been given permission to raise customers’ bills to pay the costs it incurred to restore power after Superstorm Sandy and other storms. The state’s Board of Public Utilities voted unanimously Wednesday to allow Jersey Central Power & Light to recover $736 million it spent. That cost will be passed along to their 1.2 million customers, but the exact amount remains unknown. An earlier filing estimated rates being raised 4.5 percent, or more than $53 annually per customer.