MAYS LANDING, N.J. (September 22, 2017) – The New Jersey Board of Public
Utilities (BPU) has approved a settlement between Atlantic
City Electric and interested parties on changes to electric rates for Atlantic
City Electric customers. The change allows
Atlantic City Electric to increase its annual revenues by $43 million to
recover investments the company has made in its system to provide safe and
reliable service for customers.
“Our employees work hard every day, investing in our
systems and enhancing our processes all to meet the needs of our customers,”
said Vince Maione, Atlantic City Electric region president. “We are
investing in smarter, more modern equipment that is providing our customers
with better and faster service.”
on this settlement, overall energy delivery rates would increase by 4.03
percent beginning on October 1, 2017. Specifically, the total monthly
bill for a typical residential electric customer using about 716 kilowatt hours
of electricity would increase by $5.52.
The settlement allows Atlantic City Electric to continue
equipment and upgrade infrastructure, investments that have already resulted in
better, faster, and more reliable service for our
2016, customers experienced 33 percent fewer outages and the average time
customers were without power declined 35 percent compared to 2011. Atlantic
City Electric also constructed new distribution substations in Cape May and
Gloucester counties and replaced hundreds of utility poles across the region.
The company completed nearly 30 separate substation enhancement projects that
included new transformers and other equipment, and completed reliability
improvements on 41 distribution lines to improve service for local customers.
City Electric is committed to helping customers offset the impact of this
increase by continuing to provide tips and information about how to save energy
and money and connecting customers with helpful state and federal energy
company also offers payment options including budget billing to help customer
manage their monthly electricity bills. Budget billing makes short-term
fluctuation in monthly bills much easier to handle by dividing annual energy
costs evenly throughout the year.
programs also are available to help low- and limited-income customers who are
struggling to pay their energy bills. Customers who wish to learn
more or take advantage of these important programs can visit www.atlanticcityelectric.com
or call 1-800-642-3780.