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Let’s all give the power companies some more money

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HFF completes Browns Mills retail sale

By Elana Knopp
June 21, 2018 10:01 AM

Holliday Fenoglio Fowler has completed the sale of a 7,000-square-foot retail building situated on 1.72 acres in Browns Mills on undisclosed terms. CONTINUE READING

Cushman & Wakefield completes South Brunswick sale-leaseback

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June 21, 2018 08:02 AM

Cushman & Wakefield has arranged the sale-leaseback of a 318,389-square-foot warehouse/distribution facility in South Brunswick to Saadia Group LLC. CONTINUE READING

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Colliers tapped to sell Robbinsville retail

By Elana Knopp
June 21, 2018 08:00 AM

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Sterling launches leasing for Cherry Hill multifamily

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June 20, 2018 12:14 PM

Livingston-based developer Sterling Properties and partner Bob Dale recently launched the leasing for Evan’s Mill apartments in Cherry Hill. CONTINUE READING

CBRE completes Keasbey industrial sale

By Elana Knopp
June 20, 2018 07:51 AM

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National Realty leases retail spaces

By Elana Knopp
June 20, 2018 07:49 AM

National Realty & Development Corp. has leased 51,400 square feet at four of its New Jersey shopping centers to Dollar Tree, Old Navy, Ulta and Habitat for Humanity ReStores. CONTINUE READING

Nemours opens pediatric facility in Cherry Hill

By Vince Calio
June 19, 2018 02:22 PM

Nemours Children’s Health System is replacing its facility in Voorhees with a 10,000-square-foot facility in Cherry Hill under the name Nemours DuPont Pediatrics. CONTINUE READING

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A lot of residents in Sandy-slammed areas probably thought they saw it all from JCP&L as the recovery effort dragged on.

Actually, a lot of those residents probably saw very little, since many in JCP&L territory were in the dark for days at a time, with no way to know when to expect their lights might come on. But I digress.

Now comes the news that, on top of everything else, the utility wants a 1.4 percent rate hike, which is a lot like a child ripping the head and limbs off a G.I. Joe doll, then demanding his parents buy him a new one. That rate hike, by the way, is only for damage incurred during Irene and “Snowtober.” It has nothing to do with the far-more-devastating Sandy, which the utility has said it will pay for out of its own pocket, without a rate increase.

Ha, ha! Just seeing if you were paying attention. Of course they will apply for another rate hike next year, promising in earnest to use the money to harden their system against major storms.

I’m not sure how much you can really blame JCP&L for the outages after the storm, which was of an intensity completely alien to the Jersey coast. And you certainly can’t fault linemen who worked long days and weeks to get the power back online. But the utility is so ham-handed in the PR department that you could probably serve it with pineapple and baby carrots for Easter dinner. Mayors up and down the state say they were left in the dark, literally and figuratively, about when the juice would come back on; lawsuits have been filed; and some towns and residents have threatened to secede, while others are merely calling for blood. Now they’re demanding another $30 million a year? Even if the plan is to harden the infrastructure, as the company claims, this is not the time to pursue a rate case.

I’m even more irreverent on Twitter @joe_arney.

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Let’s all give the power companies some more money

By

Back to Top Comments Email Print

Latest News

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A lot of residents in Sandy-slammed areas probably thought they saw it all from JCP&L as the recovery effort dragged on.

Actually, a lot of those residents probably saw very little, since many in JCP&L territory were in the dark for days at a time, with no way to know when to expect their lights might come on. But I digress.

Now comes the news that, on top of everything else, the utility wants a 1.4 percent rate hike, which is a lot like a child ripping the head and limbs off a G.I. Joe doll, then demanding his parents buy him a new one. That rate hike, by the way, is only for damage incurred during Irene and “Snowtober.” It has nothing to do with the far-more-devastating Sandy, which the utility has said it will pay for out of its own pocket, without a rate increase.

Ha, ha! Just seeing if you were paying attention. Of course they will apply for another rate hike next year, promising in earnest to use the money to harden their system against major storms.

I’m not sure how much you can really blame JCP&L for the outages after the storm, which was of an intensity completely alien to the Jersey coast. And you certainly can’t fault linemen who worked long days and weeks to get the power back online. But the utility is so ham-handed in the PR department that you could probably serve it with pineapple and baby carrots for Easter dinner. Mayors up and down the state say they were left in the dark, literally and figuratively, about when the juice would come back on; lawsuits have been filed; and some towns and residents have threatened to secede, while others are merely calling for blood. Now they’re demanding another $30 million a year? Even if the plan is to harden the infrastructure, as the company claims, this is not the time to pursue a rate case.

I’m even more irreverent on Twitter @joe_arney.

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