JCP&L files request for energy clause increase.MORRISTOWN--(BUSINESS WIRE)--Dec. 9, 1994--Jersey Central Power & Light Company (JCP&L) today filed a request with the New Jersey Board of Public Utilities The New Jersey Board of Public Utilities (NJBPU) is a regulatory authority in New Jersey charged with the responsibility of seeing that "safe, adequate, and proper utility services are provided at reasonable rates for customers in New Jersey. (BPU BPU benzoylphenyl urea. ) for an increase in annual overall revenues of $68.3 million in the levelized energy adjustment clause (LEAC LEAC Lay Episcopalians for the Anglican Communion LEAC Land and Ecosystem Accounting LEAC Law Enforcement Aviation Coalition ) component of rates, which includes the demand side factor (DSF DSF Dubai Shopping Festival DSF Digital Solidarity Fund DSF Division of State Facilities DSF David Suzuki Foundation DSF Dispersion Shifted Fiber DSF Dansk Sportsdykker Forbund (Danish Sport Diving Federation) ). The rate application, if approved as requested, represents a 3.5% increase in customer costs and would become effective March 1, 1995. The company's LEAC is adjusted annually to provide for changes in the cost of fuel and energy purchases and demand side management programs. "This filing represents the first request for an increase in the LEAC since 1991," said Michael Morrell, JCP&L vice president - regulatory and public affairs Those public information, command information, and community relations activities directed toward both the external and internal publics with interest in the Department of Defense. Also called PA. See also command information; community relations; public information. . "And while we are pleased that we have been able to hold off on filing for an increase for the past three years, today's filing is appropriate at this time." Today's filing largely reflects increased costs associated with new non-utility generation (NUG NUG abbr. necrotizing ulcerative gingivitis ) facilities and demand-side management programs. JCP&L currently has 882 megawatts of capacity provided by NUGs. "A large portion of the increase we are seeking is due to the costs associated with NUG facilities," Morrell continued. "While purchase of capacity from these projects had been one element in JCP&L's efforts to meet our customer's energy needs, the contract pricing for these projects is resulting in significant cost increases for our customers." The other major component in this filing is the company's demand side management program. In the stipulation An agreement between attorneys that concerns business before a court and is designed to simplify or shorten litigation and save costs. During the course of a civil lawsuit, criminal proceeding, or any other type of litigation, the opposing attorneys may come to an agreement signed in September 1992, the DSF was established, which allows JCP&L to recover funding for the program through the LEAC. The program is intended to help customers reduce their energy costs. If the change in the LEAC is approved as filed, a residential customer using an average of 500 kilowatt-hours monthly and paying $58.28 would experience an increase of $2.01 monthly, or 3.5 percent. CONTACT: JCP&L, Morristown
George Koodray, 201/455-8594
or Ron Morano, 201/644-4297
or Donna Nowcid-Rovins, 201/455-8408
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