Friday, June 22, 2012
Three-judge panel affirms 1999 BPU decision to award utility so-called stranded costs
A state appellate court yesterday rejected attempts to recover more than $2.9 billion in costs customers paid Public Service Electric & Gas in a case stemming from the deregulation of the energy industry. According to a unanimous ruling by the three-judge panel, the New Jersey Board of Public Utilities acted properly to dismiss a petition seeking to recover so-called stranded costs from the state’s largest utility, which were believed to be incurred by the breakup of its monopoly. The 19-page ruling hardly was surprising, given that courts, including the New Jersey Supreme Court, have repeatedly upheld the state agency’s original order in 1999 allowing the utility to recover from ratepayers the costs for losing its monopoly and having to …
Thursday, June 7, 2012
Scam promises to pay or credit utility bills.
A new scam using President Barack Obama’s name claims to provide utility bill credits in exchange for personal information, including social security numbers, according to Public Service Electric and Gas. “The scam, which has been reported in a number of states, claims that President Barack Obama is providing credits or applying payments to utility bills,” the company said in a statement. PSE&G offered the following details on how the scam works: • Someone calls a utility customer and tells them that the federal government has a program to pay utility bills on a one-time basis. • Customers are asked to provide their social security numbers to apply for the program. • The scammers then give customers a phony federal reserve bank routing …
Friday, May 11, 2012
Large-scale solar project built on former landfill in Meadowlands produces enough power for up to 500 homes
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Friday, May 11, 2012
By Tom Johnson, NJSpotlight.com The former Kearny garbage dump is a 66-acre plot of land, fallow for more than three decades, although practically within shouting distance of some of the most expensive real estate in the nation, with a bird’s eye view of the Manhattan skyline. Today, it may be emblematic of a new chapter in New Jersey’s development, as Public Service Electric & Gas and others yesterday dedicated a new 3-megawatt solar farm on 13 acres of the former landfill, producing enough electricity to power up to 500 homes. The $17.8 million solar farm project, a joint effort between PSE&G, the Hackensack Meadowlands Development Commission, and SunDurance Energy, an Edison-based solar developer, is the first solar project built on a …
