Board Mulls Base Line for Incentive Rates
A recent ruling by the New Jersey Board of Public Utilities (BPU) has directed Public Service Electric and Gas Co., to show that customers will be better off under the company's newly proposed program for alternative regulation (the "New Jersey Partners in Power Plan"), than under traditional regulation.
Nevertheless, the BPU declined to set a rate base or rate of return to establish a starting point for rates under the new proposed plan.