NJBPU Approves New Rockland Electric Company Rates
The New Jersey Board of Public Utilities (NJBPU) today voted to approve new electric rates for Rockland Electric Company.
The new rates, which will take effect March 1, are necessary to provide for the continued safety, reliability and security of Rockland Electric’s electric delivery system.
Rockland Electric’s rate request included initiatives designed to: improve electric service reliability and capacity, and further protect the electric system from potential storm damage through new infrastructure projects and vegetation management
To fund these initiatives, the NJBPU has approved an increase in revenues for energy delivery of $1.7 million. As a result, the overall bill for a typical residential electric customer using a monthly average of 925 kWh would increase an average of $2.10 per month, from $177.10 to $179.20 or approximately 1.2 percent.
Today’s approval does not include Rockland Electric’s proposal for approval of an advanced metering program. That smart meter proposal has been retained in a separate proceeding by the NJBPU.
Rockland Electric operates and maintains 14 distribution substations, 778 miles of overhead distribution lines, 536 conductor miles of underground distribution and 69 distribution circuits and related infrastructure in a manner that provides for safe and reliable service to its electric customers.
Rockland Electric Company is an electric utility serving approximately 72,000 customers in parts of northern Bergen and Passaic counties and small sections of Sussex County in New Jersey. Rockland Electric is a wholly owned subsidiary of Orange and Rockland Utilities, Inc., which in turn is owned by Consolidated Edison, Inc.
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