Monday, Sep 26, 2016
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Energy

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.

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