For Immediate Release
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MAYS LANDING, N.J. (May, 31 2017) - Today, the New Jersey Board of Public Utilities (BPU) announced its approval of PowerAhead, Atlantic City Electric's (ACE) grid resiliency program. PowerAhead is a comprehensive plan to modernize the electric grid through enhancing system resiliency by addressing vulnerable areas on the electric system that have experienced extended outages during recent severe storms. Over the next five years, ACE will spend approximately $79 million on new infrastructure and system upgrades to its electric grid to further improve system reliability.
"Modernizing our energy infrastructure and upgrading our existing electrical systems is critical to providing quality service to our customers," said Vince Maione, Atlantic City Electric region president. "PowerAhead will not only strengthen the electric grid and make it more resistant to severe storms, it will also help create jobs that will have a positive impact on our South Jersey economy."
PowerAhead will result in gradual rate changes over the five years of the program as individual projects are completed and are serving customers. The PowerAhead distribution rate adjustment will result in a rate increase for a typical residential customer using 716 kilowatt hours per month of $0.49 or 0.38 percent, upon completion of all projects after five years. The first rate adjustment is not expected to occur prior to July 2018.
PowerAhead's planned projects include:
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