For Immediate Release
LANDING, N.J. Aug. 24, 2016) - Today, the New Jersey
Board of Public Utilities (BPU) 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 $45 million. The new rates will
go into effect immediately.
"In order to
further improve our electric system and continue providing quality service,
it's important that we build smarter energy infrastructure and upgrade our
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 and exceed our customers' expectations and will reimburse the
company for monies already spent in achieving these goals."
ACE is committed to
enhancing its energy infrastructure. Over
the past five years, ACE has spent approximately $716 million in energy system
upgrades. Customers are seeing the benefits of this work. During 2015,
customers experienced 41 percent fewer outages and, when outages did occur,
service was restored about 25 percent faster compared to 2011.
Since 2011, ACE has performed reliability
upgrades and system improvements on approximately 210 electric circuits. These
are higher voltage lines that distribute electricity to customers. ACE has also
upgraded hundreds of miles of wire, replaced hundreds of poles, and installed
automated switching technology on dozens of electric circuits designed to
isolate outages and restore power to customers quicker. In addition, the
company has upgraded four substations with new equipment, circuit breakers and
transformers, and built three new substations in Avalon, Cape May County, Franklin
Township, Gloucester County and the City of Port Republic, Atlantic County.
This filing also includes an economic development discount
rider. This pilot program will help promote new and incremental business growth
in southern New Jersey through a five-year discount for commercial customers
who meet the requirements. The program will help to encourage new and existing
businesses to develop or expand in South Jersey. Qualifying businesses will
receive a 20 percent monthly bill credit, for five years, on the distribution
portion of their bill.
the new rates, a typical bill for a residential customer using 750 kilowatt
hours per month will increase by $5.33 or from $135.88 to $141.21 per month. A
typical bill for a residential customer using 1,000 kilowatt hours per month
will increase by $7.05 or from $181.20 to $188.25 per month, a 3.89 percent
increase over rates currently in effect.
will continue to make infrastructure enhancements to further improve service
reliability throughout its service territory by building new infrastructure and
substations and upgrading existing infrastructure by replacing transformers,
poles, wires and other improvements.
Distribution 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
will also 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.
with questions regarding billing or the rate increase can contact our Customer
Care Center at 1-800-642-3780. ACE will work with customers who may have
difficulty paying their utility bills. The company offers payment plans and
supports other NJ-211 social service assistance programs to help make it easier
for customers to pay their bills.
For more information about
Atlantic City Electric, visit www.atlanticcityelectric.com. Follow us on Facebook at www.facebook.com/atlanticcityelectric
and on Twitter at www.twitter.com/acelecconnect.
Our mobile app is available at www.atlanticcityelectric.com/mobileapp.