Loading…
Tuesday, July 29, 2014
Current Weather
Loading Current Weather....
Published: Thursday, 12/7/2006

New Jersey permits FirstEnergy rate boost

NEW YORK New Jersey state utilities regulators have approved a rate settlement for FirstEnergy Corp. s Jersey Central Power & Light unit.

Under the settlement, the company, parent of Toledo Edison, can recover $165.3 million in deferred costs that were incurred in contracts with power suppliers from August, 2003, through December, 2005.

The typical residential customer will pay an additional 4.1 percent per month.



Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.