REPORT: HUGE UTILITY HIKES POSSIBLE IN ’14

New Jersey’s public utilities may be seeking very large rate hikes next year in order to pay for repairs that were needed following Hurricane Sandy.  A report on NJ.com suggests that the utilities may be seeking $1 billion in rate increases to pay for repairs that were needed.  PSE&G in North Jersey may be seeking the largest rate hikes.  Any rate hike request goes before the New Jersey Board of Public Utilities.