For Immediate Release
MAYS LANDING, N.J. - The New Jersey Board of
Public Utilities (BPU) on Aug. 20 announced its approval of a stipulation of
settlement in the Atlantic City Electric (ACE) base rate case authorizing ACE
to increase its electric distribution rates by $19 million. The new rates will
go into effect Sept. 1.
the new rates, a typical bill for a residential customer using 1,000 kilowatt
hours per month will increase by $2.81 or from $171.73 to $174.54 per month, a 1.65
percent increase over rates currently in effect. The new rates equate to 9 cents per day in increased electric rates.
"Atlantic City Electric strives to keep costs to a
minimum. However, in order to continue providing quality service, it's
important to invest in new infrastructure and upgrade existing electrical
systems," said Vince Maione, Atlantic City Electric Region president. "The
distribution rate adjustment will help enable us to continue our ongoing reliability
improvement programs to meet our customers' expectations."
has been committed to investing in its system, and over the past five years ACE
has invested approximately $685 million into its electric system. Customers are
seeing the benefits of this work. Customers experienced 11 percent fewer
outages and an 11 percent reduction in the length of outages from December 2013
through June of this year.
Since 2012, ACE has
performed reliability upgrades and system improvements on about 150 feeders,
higher voltage lines that distribute electricity to customers; installed
automated switching technology on about 30 feeders designed to isolate outages
and restore power to customers quicker; and upgraded about 165 circuit miles of
wire with sturdier wire.
The $19 million base
rate adjustment is about 30 percent of the original request filed Mar. 14 for a base rate adjustment of approximately $61.7 million
to help pay for reliability investments already made.
rates cover the cost of delivering power, not the cost of the power itself.
Customers who buy energy from a competitive supplier continue to receive
distribution service from ACE so they also will be affected by this requested
rate adjustment. The new total monthly bill for customers who shop for their
energy will vary according to the price charged by the customer's supplier.
Customers with questions regarding billing or the rate
adjustment can contact our Customer Care Center at 1-800-642-3780.
For information about
energy assistance programs, customers can visit www.nj211.org or call 211, New Jersey's non-emergency helpline,
available 24/7 throughout the state.
more information about ACE, visit www.atlanticcityelectric.com.
Follow us on Facebook at www.facebook.com/atlanticcityelectric and on Twitter at www.twitter.com/acelecconnect. Download our mobile app at www.atlanticcityelectric.com/mobileapp.
ACE currently plans to make infrastructure
investments to further improve service reliability for customers through
building new and upgrading existing infrastructure; building new substations; replacing transformers, poles, wires and other
infrastructure improvements; and replacing wood utility poles with steel
poles where warranted.