JCP&L files proposal for $253 million base distribution rate increase in New Jersey

Reuters2026/08/07 12:03

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FirstEnergy unit Jersey Central Power & Light filed a base-rate proposal with New Jersey regulators that defers residential delivery-rate impacts until January 2028.
Plan seeks a USD 253 million base distribution-rate increase; bill effect estimated at about 7% once proposed 2027 offsets expire in 2028.
Separate dedicated charge would recover USD 476 million in deferred storm costs starting January 2028, spread over 10 years.
Typical residential bill using 767 kWh would rise about 8.8%, or USD 14.23 a month, from USD 162.30 if the filing takes effect.
Proposal supports USD 2.1 billion in additional base distribution investment within a broader USD 6.9 billion five-year capital plan.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. FirstEnergy Corporation published the original content used to generate this news brief via PR Newswire (Ref. ID: 202608070800PR_NEWS_USPR_____CL20843) on August 07, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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JCP&L files proposal for $253 million base distribution rate increase in New Jersey

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